Gut feeling: He stays in January and leaves in the summer.
Mahrez is one of the few players who are eligible to feature in this season's Champions league, and this would favour the Reds greatly as they embark in the knockout phase, which starts in February.
Jose Mourinho's club reached out yesterday to the Gunners, testing the water over whether they would be willing to accept £25million for the Chile forward.
And here are the latestSport News headlines...
However, the former PFA Player of the Year has recaptured the form that helped guide the Foxes to Premier League glory and Mahrez's camp are in talks with Liverpool over a move to Anfield, according to the Daily Express.
"After that it is all speculation".
Manchester United have made preliminary inquiries about a range of strikers including Alexis Sánchez, Jamie Vardy and their former player Javier Hernández as the club consider a move this window to give some back-up to Romelu Lukaku for the final months of the season. Left back Pedersen was one of the stars of last summer's European under-21 Championships and playes for Danish side FC Nordsjaelland.
The latest reports coming out of Spain suggest he will get the chance to earn a reprieve under Ernesto Valverde.
The Reds have money to spend following the €160 million sale of a key creative influence to Barcelona.
How could the Manchester United starting XI look if they sign Alexis Sanchez?
Real boss Zinedine Zidane is known to be a huge fan of his compatriot and has resisted past attempts to sell him.
"If there are teams above, you'd wait and consider the teams in the top five at the moment".