Mahrez joined the Foxes in January 2014 for just £400,000 from French Ligue 2 side Le Havre.
Mahrez was targeted by City during the winter but the two clubs ultimately failed to strike a deal, with negotiations going down to the final day of the transfer window.
Balaise Matuidi back in France's only change for semis
That evenness is why France is the team to beat in the mind of Jeffrey Marcus, publisher of the World Cup newsletter "The Banter". The forward has been criticized by Henry in the past, but he said there were no hard feelings - just his hunger to win.
Mahrez struggled to replicate his form the following year with the Foxes falling short as a team in the Premier League, though like his team-mates, he improved after the departure of Ranieri and ultimately accrued 10 goals and seven assists in all competitions.
A club statement from Leicester said: "Riyad leaves with the best wishes of everybody who has worked with him at Leicester City Football Club".
PSG make world record bid for former Liverpool ace, Coutinho
The pair clashed last season over penalty taking duties and it is believed that the 26-year-old would rather see Cavani leave. PSG remain at the centre of an investigation by UEFA after they spent nearly £400m on Neymar and Kylian Mbappe last summer.
Mahrez was named PFA Players' Player of the Year after scoring 17 league goals in 37 matches as unfashionable Leicester shocked the soccer world by winning the Premier League two years ago.
"Pep is committed to playing attacking football, which is ideal for me, and City's performances last season were outstanding. We're sure he will bring additional attacking quality to our squad". "They're redefining the English game and I wanted to be a part of it", Mahrez said on his new club's website.
"I believe my own game can develop under Pep's management".
Thailand cave rescues resume
The rescue got off to a good start, with the first boy coming out at 5.40pm local time (11.40am United Kingdom time). But Thai authorities had already began there rescue efforts before the vessel was completed without Mr Musk's help.
Mahrez - who made 179 appearances for Leicester, scoring 48 times -went on worldwide duty for his country in June and the writing was on the wall when Leicester allowed him extra time off.
ANP leader Haroon Bilour among 20 martyred in Peshawar blast
Bilour belonged to an influential political family in the Khyber-Pakhtunkhwa province, of which Peshawar is the capital. Haroon Bilour's 16-year old son, Daniyal, who was accompanying his father in the gathering, was also among the injured.
Prince Harry and Meghan visit Republic of Ireland
Meghan oozed Hollywood glamour in the stunning ensemble as she kept her makeup simple and her hair down with a gentle wave. Meghan and Harry will have the opportunity to hear from female tech entrepreneurs at the lab.
Vrsaljko hoping to be fit for World Cup semi-final
If they're similarly open against France , Les Bleus can punish them by displaying a more ruthless streak than Brazil did. England's Harry Kane will face off against Belgium's Romelu Lukaku in the World Cup final, according to Goldman Sachs.
Turkey sacks 18500 a day before Erdogan is sworn in
Mr Erdogan will be sworn in on Monday under a new executive presidency after his outright victory in the June 24 elections. About 1,052 people, including judicial candidates and civil servants were dismissed from the justice ministry.
Kylie Jenner Reveals She's Had Her Lip Filler Taken Out
We're loving her new look! "I prayed and prayed that she would have my big eyes, and she has the biggest eyes ever", she said . Kylie Jenner is known for her iconic pout and has been getting lip fillers since the age of 16.