Ipswich Town midfielder Liam Gibbs is set to leave the club this summer, following a breakdown in contract talks, a report from The Suffolk News has revealed.

The 18-year-old has already made four senior appearances for the Tractor Boys, having risen through the academy ranks at the Portman Road club.

However, it now seems as though Gibbs will be heading for pastures new, with the teenager's contract expiring this summer.

According to this latest report, the midfielder is now set to leave Ipswich this summer, after talks over a new deal broke down on Wednesday.

That is despite the fact that it is thought a new deal with Ipswich was Gibbs' preference this summer, although ultimately no agreement could be secured.

It is understood that talks over a contract had only recommenced on Wednesday, after an offer that had apparently fallen well short of expectations is said to have been rejected earlier this year.

Gibbs however, may not be short of suitors, with Premier League quartet Manchester United, Aston Villa, Norwich City and Leeds among those to have previously been credited with an interest in the teenager.

The Verdict

This looks like it will be a source of frustration for Ipswich.

Gibbs is clearly a player with plenty of potential and ability, evidenced by both the interest there is in him, and the fact he is already in and around the club's first-team at such a young age.

As a result, it does seem as though Gibbs could have been a big asset for Ipswich for some years to come, had they been able to keep him at the club.

That however, now looks unlikely, and it seems Gibbs will be another on the long list of players making their exits from Portman Road over the course of the summer.