Leicester chairman Milan Mandaric has dismissed speculation that he has lined up former Derby boss Billy Davies to replace Ian Holloway.

The Foxes have slipped to within two points of the Championship relegation zone after three successive defeats, which prompted reports Holloway could be out of a job less than three months after he left Plymouth to take over at the Walkers Stadium.

Mandaric, who celebrated a year as Leicester's owner on Wednesday, has a reputation for quickly getting rid of managers - Holloway being his fourth appointment in his 12 months at the helm.

"This is the time for trust. Ian is our manager and has full support from all of us. I am urging supporters not to listen to speculation," Mandaric told BBC Radio Leicester.

"We have a good enough team and manager to stay up and start to work and think about the next season."