Goalkeeper Schmeichel has gone on to make over 150 competitive appearances, whilst James, four-years his senior, has started to establish himself as a key man in the Nigel Pearson’s midfield.
Both played important parts in the Foxes storming of the Championship last season, and 27-year old Schmeichel has started the Premier League season in impressive form, claiming points off of Arsenal and Everton - and nearly doing the same against Chelsea.
However, injury kept him out of Leicester’s 1-0 victory over Stoke on Saturday, and it has been injury that has prevented James making his first ever Premier League appearance.
Yet he finally looks set to make his top-flight debut on Sunday, with his former club Manchester United traveling to the King Power Stadium looking to build on their first win of the season.
The 23-year old completed a switch to Leicester in 2012, signing alongside fellow United youth product Ritchie De Laet - the midfielder having failed to make an appearance for the full-Red Devils side.
Head coach Nigel Pearson also confirmed that Schmeichel should be back in action this weekend - and he too has ties to Manchester. Son of United legend Peter, the younger Danish keeper started his career with United’s cross-city rivals, Manchester City, making eight first-team appearances following his debut in 2007 - including a clean-sheet performance against United.
"It was always our intention to give Matty around an hour and not put him under too much stress,” he said.
"He trained all of last week and he has had some pitch time now. So if he has another good week of training, it means it is possible he comes into contention.
"Again Kasper will be increasing his loading in training this week and we will see how he is.
"I think there is a very real possibility he will be available for the weekend.
"It is nice to have lots of options but looking forward to the weekend's game it is beneficial for us that we have as many options as possible."