Leicester City vice-chairman Aiyawatt Srivaddhanaprabha said: “Twelve months ago, we brought to Leicester City a man whose knowledge and experience, we felt, could lead us into the next phase of our long-term plan. 

"What he would go on to help us achieve, in the time we have achieved it, has been beyond anything we could have anticipated. 

“Claudio’s qualities, both as a man and as a coach, have been very clear since the moment he arrived – qualities that have helped Leicester City to progress on every level."

Leicester boss Claudio Ranieri had two years left to run on the contract he signed last summer.

The 64-year-old led the Foxes to their first top-flight title last season in one of sport's all-time shocks.

“From the moment I talked to the owners about their vision for Leicester City, I knew it was something I wanted to be part of for a long time," the Italian said.

"The energy that exists at this club – from the owners and the staff, to the players and supporters – is something very special. I am very happy and proud that I will be part of it for years to come."

Image source, PA

Leicester manager Claudio Ranieri has signed a new four-year contract with the Premier League champions.

It was not just English League Cup night, oh no. The Scottish version was at the second round, following the group stages.

• Niko Kranjcar scored and set up two goals for Clint Hill as Rangers eased past Peterhead to reach the Scottish League Cup quarter-finals.
• Third-tier Alloa beat Premiership side Inverness in extra time.
• Queen of the South came from behind with three second-half goals to knock Neil Lennon's Hibernian out.

Read all the second-round reports here.

Image source, PA

Exeter fielded 15-year-old Ethan Ampadu last night as they beat Brentford 1-0.

Born in September 2000, he is the youngest first-team player in the club's history. The Wales Under-17 international was only able to play because it is the school holidays.

"The biggest compliment I can give him is he plays like a 35-year-old," boss Paul Tisdale told BBC Radio Devon.

Image source, Getty Images

Last night saw the first games of the newly rebranded EFL Cup (the old League Cup).

Here are some of the headlines...

• Blackpool won their first League Cup game in seven years, beating Bolton 4-2 in extra time. 
• League Two Morecambe beat Championship side Rotherham 5-4 in an extra-time thriller, with Jack Dunn scoring a hat-trick
• Accrington Stanley beat Bradford 11-10 on penalties, with both goalkeepers scoring from the spot during the shootout.
• Oxford, the 1986 winners, beat 2011 victors Birmingham City thanks to a Liam Sercombe goal in the final minute of extra time.

Read all the first-round reports here.

Image source, Rex Features

Want some transfer gossip? Here you go...

Champions Leicester have made a £23m offer for Santos' 19-year-old Brazilian striker Gabriel Barbosa, known as Gabigol. (Daily Mail), external

Arsenal will launch a bid of £30m for Manchester City's Ivory Coast striker Wilfried Bony, 27. (Daily Star), external

Everton are discussing a £25m deal for Crystal Palace forward Yannick Bolasie, 27, which would see £13.5m striker Oumar Niasse, 26, go the other way on loan. (Daily Mail), external

Palace have resumed negotiations with Liverpool over the transfer of Christian Benteke, 25, with the Belgium striker close to completing his move to Selhurst Park for a club record fee. (Guardian), external

Palace are willing to pay £32m for Benteke, and Alan Pardew has also lined up Welsh free agent striker Hal Robson-Kanu, 27. (Mirror), external

The Daily Express

The Daily Express actually lead on Manchester City signing John Stones and not Pogba to United.

Image source, Daily Express

The Telegraph talks about Jose Mourinho "hitting back" at Arsenal and Liverpool's managers over things they said about the Paul Pogba fee. zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. Oh sorry, I fell asleep on my keyboard there at the thought of more Premier League 'mind games' this season.

Image source, The Telegraph

The Sun say Real Madrid had joined the race for Paul Pogba late on.

Image source, The Sun

Manchester United boss Jose Mourinho taunts Real Madrid over Paul Pogba, says the Star.

Image source, Daily Star

A common theme today is that Manchester United's signing of Paul Pogba marks a new era, where all the top stars don't automatically go to Barcelona and Real Madrid any more.

Image source, The Daily Mirror

Yesterday saw Manchester United and City pay record transfer fees. United's £89m capture of Paul Pogba beat the world record, and John Stones to City at £47.5m was higher than the initial fee for any other English player (Raheem Sterling's £44m could rise to £49m).

Today Swansea could break their club record by signing Atletico Madrid striker Borja Baston for a reported £15m, and Everton are set to sign Ashley Williams.

There is only one place to keep on top of all of today's transfer news and rumours - and that's BBC Sportsday.

But first, the back pages.