The Citroen DS3 car crashed into a bollard at the roundabout in King Street and Turpin Green Lane, near the Tesco Express store, at around 11.40am.
Eyewitnesses said the car had been driving recklessly along Canberra Road, where it allegedly weaved in and out of traffic at high speed.
Members of the public said the car had been pursued by a number of police cars before it was intercepted and crashed in King Street.
Lancashire Police confirmed that the driver had been pursued by officers before the car crashed, but "the vehicle was not tactically stopped".
Following the collision, the vehicle was blocked in by police, including a 'tactical operations' unit.
The driver was arrested at the scene and taken into custody.
A police spokesman said: "A car has collided with a roundabout on Canberra Road, Leyland following a short police pursuit.
The Citroen DS3 collided with a bollard on the roundabout close to King Street at just after 11:40am this morning (Friday, July 26th).
"Thankfully no one has been injured and the damage is not described as serious.
"The driver has been arrested.
"Please be aware that traffic is slow moving in the Canberra Road, King Street and Turpin Green Lane area due to the incident.
"Our advice is avoid the area where possible."
Canberra Road, King Street and Turpin Green Lane were closed until around 1pm.
A Leyland mum who witnessed the incident said: "This was the most scary experience of my life. Me and my daughter were nearly wiped out by one manic driver in Canberra Road.
"It came up behind us and others, weaving in and out of oncoming traffic, doing at least 90mph.
"Thank God the police chased the idiot and intercepted causing him to crash. Thank god no one was hurt. Very close call!"