Celtic will replace Brendan Rodgers with club legend Neil Lennon.
The former player won a host of trophies in his four years as manager at the club.
His playing days included seven seasons, where he won the Scottish league five times.
Celtic have allowed Leicester to speak with Rodgers about taking that job immediately.
And Lennon will lead the club for the rest of the season, as they look to win the Premiership over Rangers.
The BBC has confirmed that he will hold talks with the club about being appointed as early as today.