The French winger is on his way to Belgium with Standard Liege.
The Frenchman joined the club in 2012 from Guingamp and in his time at Leicester he has certainly had some interesting moments.
The French under-21 international scored some memorable goals whilst at the club, including two wonderful goals against Huddersfield Town back in October 2012.
He perhaps will be most remembered by Leicester fans for that penalty miss against Watford back in the 2013 play-off semi final.
Since promotion to the Premier League Knockaert has struggled for regular football. He has played just 11 games this season and did not feature in Leicester's rousing comeback at the end of the season, his last game coming in January.
In March he was first linked with a move to Belgian side Standard Liege. It was reported by the Daily Mail that the winger was on his way to the Belgian outfit.
That has now been confirmed. Knockaert, who has previously played in Belgium with Mouscron, has joined on a four-year deal.