Ghezzal is currently on-loan with Besiktas.
Sabah says Leicester would take £6million for the 28-year-old, with Besiktas among the sides interesting in signing him permanently.
“I signed a deal at Besiktas for one year with no option to buy," he told BeIN Sports.
“I have a contract with Leicester City for another year. We will see what will happen. So far, nothing has been said about my future.
“I would be happy to continue at Besiktas. For now, I'm focused on the championship. We'll also play in the cup final. It would be great if we won both trophies."