The England international aroused plenty of interest in his services with a fine showing at the World Cup. Manchester United had two offers rejected by Leicester before the transfer window closed on August 9.
And now it seems the Foxes are willing to reward Maguire's loyalty with a brand new contract.
According to the Daily Telegraph, Maguire will earn £75,000-per-week with the new terms.
Negotiations are believed to have reached an advanced stage and the agreement is expected to be completed by the end of the month.