The Daily Mail, along with many other news outlets, reported Leicester City's bid for Kramaric over the weekend, which was said to be a figure thought to be much larger than the player's release clause.
According to an article by Italian journalist Alfredo Pedulla, as published on Tuttomercato, the Croatian isn't interested in a move to Leicester City and will wait for a bigger club to turn their interest into something more substantial.
The same report on Tuttomercato also states Chelsea have an 'excellent chance' of landing the 28-goal forward in January, but will send him out on loan to Eredivisie side Vitesse for the remainder of the season.
With 28 goals in 23 games this season, for both club and country, it's not difficult to see why so many clubs are taking an interest in the 23-year-old.
At Dinamo Zagreb, where he earned his football education, he became their greatest ever youth team goalscorer by netting 450 goals at the various levels, but struggled to make an impact on the first-team.
In 2013, he moved to Croatian side Rijeka and quickly made an impact with 27 goals in 34 games in his first season - a tally he has already bettered this season with 26 goals in 20 appearances at club level.
The Daily Mail also clarifies that although it has been said Chelsea have already agreed to sign the Croatian on a pre-contract deal, Rijeka are contesting the reports due to the player having more than six months left on his contract and want to avoid losing him for nothing.
Nevertheless, it reads as if Chelsea are ultimately confident enough to wait out the speculation before snapping him up in their own time, either in January or at the end of the season - but Kramaric will have plenty of offers, and it may come down to whether he can be convinced he will play regularly.