Adrien Silva will remain at Leicester City until the end of the season.
The Portuguese has made just one Premier League start all season.
Inter Milan have reportedly enquired about signing the 29-year-old. Roma, Genoa, Lille and Silva's former club, Sporting Lisbon, have also been linked with a move for the Portugal international.
However, the Foxes are keen to hang on Silva for the remainder of the season, according to Sky Sports.
Manager Claude Puel still envisages Silva in his plans for his team, who are currently ninth on the Premier League table.