This news would sound very encouraging to Walsall fans, but im afraid the excitement will stop here!
The reason given for Ray's rejection of the offer is because travelling from his Hampshire home has proved inpracticle. Ray does not want to leave his home, so this has ruled him out of a Walsall return it seems as well.
Graydon joined Leicester back in February to add his experience to first time manager Rob Kelly's set up.