"It's really nice to be part of this team," Praet told the club's website.
"I think we're doing incredibly well at the moment, but it's early on so we will try to keep this momentum we're in and this level that we are playing at.
"In the Premier League, it can change quickly and it's a long way so it's really nice to be here with them and with a lovely group where the atmosphere is great."
On his attributes, Praet added: "I'm a good passer. I can keep the ball well in the team.
"I can be creative and from that I can also do my defensive work, like a box to box player that can take the ball at the back and then play the game.
"The style of football was very important for me. It's a theme that suits my mind – a style of football that wants to play with dominance in the game, create a lot of chances with a lot of possession and that's what Leicester is at the moment. Of course, that suits me."