The Italian, 63, is unattached having recently left his position in charge of the Greece national team.
And Leicester City are looking for a new manager following the surprise dismissal of Nigel Pearson.
“So far I have not had any contact from Leicester but if they were to call me then I would be ready to listen to what they had to say," Ranieri told the Sunday Post.
“I say this because I would be thrilled to return to coach in the English Premier League. For me it truly is the best league in Europe.
“I am very happy to have had the opportunity to coach in the Premier League because there they have the values I learned as a child.
“They have passion and a great desire for victory but these qualities are allied with sportsmanship and the acceptance of defeat when it comes. I consider myself very fortunate to have managed in this league and would be interested to do so again."
