Ayew joins the Foxes for a fee of £5m plus bonuses.
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The 32 year-old Ghana international has penned a two-year contract with his new club.
Speaking to LCFC.com, he said: “I’m very happy to be here and I’m proud. I want to thank the Club as they fought hard to bring me here – it happened quickly and I’m so happy to be here.
“As a player, when you hear that the manager wants you, it just makes you want to come and work under him and to try to improve.
"Even though I’m 32, as a player you always want to learn and improve. I’m here to work hard and help the team achieve their targets.”