The Argentine legend arrived at the King Power Stadium last month, but has yet to make a competitive appearance for the Foxes.
On completing the deal, Leicester secured the services of one of the most talented players of the last generation, and arguably completed the most romantic deal of the transfer window.
At 34-years old, his impact in the Premier League will likely be limited, but there are no denying the talents of the most highly decorated Argetine football in history. However, the former international could be set to make his first appearance for the Foxes this weekend, with a tough away trip to Stoke due.
Even if he fails to make his debut, Leicester manager Nigel Pearson has rushed to heap praise upon the ageing star, claiming that his off-field presence has had a positive effect upon the rest of the playing squad.
Quoted by the Daily Star, Pearson said: "Cambiasso is doing very well. He talked about his English not being proficient a couple of weeks ago but he's a very good communicator.
"That's always a big plus when you have a player of his experience and quality.
"He's had nothing but a positive effect and that is testiment to his own ability and character as a person. We're very pleased.
"He will be a part of the squad just like he was against Arsenal. But I will not show my hand.”
The veteran moved to the newly promoted side this summer, ending a 10-year spell with Italian side Internazionale. It was with Inter that he won the majority of his 23 professional titles - including the 2010 UEFA Champions League. He has also spent spells with Real Madrid, and Argentine sides Independiente and River Plate.
His total of 23 titles is one more than late Real Madrid star Alfredo Di Stefano, making Cambiasso the most highly decorated Argentine footballer in history.