James has been out for the entire campaign so far, and Ranieri is yet to see the midfielder in action in a competitive match.
However, the Italian manager is looking forward to having James available for selection again, and from his comments on Thursday, it would seem that 24-year-old is not too far away from returning to fitness.
“He’s getting better,” he said. “Every time when I shake his hand he’s much stronger and he’s getting better.”
James has been out since the back end of last season, when he picked up a serious knee injury while playing against Southampton.
His return will make Leicester’s squad even stronger, but the central midfielder faces a fight to win his place back in the Foxes’ line-up.
The additions of N’Golo Kante and Gokhan Inler over the summer mean that competition for places at the King Power Stadium is fierce.
Leicester have been in excellent form in James’ absence, and they currently sit in fifth place in the Premier League table, after making an extremely bright start to the 2015/16 campaign.