Jamie Vardy rescued a valuable point for Leicester in its bid to return to the Champions League, securing a 1-1 draw at Arsenal on Tuesday that damaged the Gunners' hopes of qualifying for Europe's elite competition.

Arsenal threw away the lead secured by Pierre-Emerick Aubameyang's first-half goal after Eddie Nketiah was sent off for a challenge on James Justin in the 75th minute.

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Leicester's Jamie Vardy scores his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoMichael Regan,Pool)

Jamie Vardy rescued a valuable point for Leicester in its bid to return to the Champions League, securing a 1-1 draw at Arsenal on Tuesday that damaged the Gunners' hopes of qualifying for Europe's elite competition.

Referee Chris Kavangah looks at the VAR before giving Arsenal's Eddie Nketiah, not pictured, a red card during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoMichael Regan,Pool)

While Leicester was dislodged from third place by Chelsea, which beat Crystal Palace earlier, the 2006 champions are still four points ahead of fifth-place Manchester United, which plays Aston Villa on Thursday.

Referee Chris Kavangah shows a red card to Arsenal's Eddie Nketiah, not pictured, during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoAdam Davy,Pool)

Referee Chris Kavangah shows a red card to Arsenal's Eddie Nketiah, not pictured, during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoAdam Davy,Pool)

Arsenal's Pierre-Emerick Aubameyang, right, scores his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoShaun Botterill,Pool)

Arsenal's Pierre-Emerick Aubameyang, right, scores his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoShaun Botterill,Pool)

Arsenal's Pierre-Emerick Aubameyang, centre, is congratulated by teammates after scoring his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoShaun Botterill,Pool)

Arsenal's Pierre-Emerick Aubameyang, centre, is congratulated by teammates after scoring his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoShaun Botterill,Pool)

Vardy slotted in the equalizer after meeting Demarai Gray's cross.

Leicester's Jamie Vardy scores his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoMichael Regan,Pool)

Leicester's Jamie Vardy scores his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoMichael Regan,Pool)

While Leicester was dislodged from third place by Chelsea, which beat Crystal Palace earlier, the 2006 champions are still four points ahead of fifth-place Manchester United, which plays Aston Villa on Thursday.

Arsenal is five points behind United in seventh place. Fifth place will secure a Champions League spot if second-place Manchester City fails to overturn its European ban covering next season.

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Referee Chris Kavangah looks at the VAR before giving Arsenal's Eddie Nketiah, not pictured, a red card during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoMichael Regan,Pool)

Referee Chris Kavangah looks at the VAR before giving Arsenal's Eddie Nketiah, not pictured, a red card during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoMichael Regan,Pool)

Referee Chris Kavangah shows a red card to Arsenal's Eddie Nketiah, not pictured, during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoAdam Davy,Pool)

Referee Chris Kavangah shows a red card to Arsenal's Eddie Nketiah, not pictured, during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoAdam Davy,Pool)

Arsenal's Pierre-Emerick Aubameyang, right, scores his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoShaun Botterill,Pool)

Arsenal's Pierre-Emerick Aubameyang, right, scores his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoShaun Botterill,Pool)

Arsenal's Pierre-Emerick Aubameyang, centre, is congratulated by teammates after scoring his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoShaun Botterill,Pool)

Arsenal's Pierre-Emerick Aubameyang, centre, is congratulated by teammates after scoring his team's first goal during the English Premier League soccer match between Arsenal and Leicester at Emirates Stadium in London, England, Tuesday, July 7, 2020. (AP PhotoShaun Botterill,Pool)