Manager Brendan Rodgers is actively seeking defensive reinforcements ahead of the new season.
21-year-old centre-back Caceres, who is wanted by several top European clubs after an impressive time with Club America in Mexico, is emerging as a primary target.
Caceres is valued at around £20 million by his club, but Leicester may want to bring down that price.
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!