Sky Sports says the Foxes are in negotiations with Monaco over a deal for Tielemans. The Belgian midfielder is keen on a long-term move to the club.
Tielemans is eager to keep working with Brendan Rodgers, after spending last season on loan at Leicester, but the deal is a complex one. Leicester's Adrien Silva spent last season on loan at Monaco, and could be part of a swap-deal, with Leicester contributing an additional cash lump sum.
But we've been told Leicester have received interest from a number of other European clubs for Silva, so there's also discussions with Monaco over a possible cash-only deal for Tielemans, worth around £40m.