Leicester City have agreed a fee with Porto for Ricardo Pereira.

The Mirror says Leicester have agreed a £22million fee with Porto for Pereira.

The Premier League Foxes have agreed to pay £17.5m down with a further £4.3m in add-ons.

City identified Pereira as a prime target earlier this year and have been locked in talks with the Portuguese champions as the star has just 12 months left on his contract.

Leicester are keen to bolster their options at right-back where title-winner Danny Simpson is the only recognised full-back.