The 18-year-old left-back joined the Leicester academy as a youngster and has been progressing well in the club's youth leagues, winning the academy Player of the Year last season.
Chilwell made his professional debut for the Foxes in their recent League Cup outing against Championship outfit Hull City, playing the entire 120 minutes as his side lost 5-4 on penalties after a 1-1 draw.
His rise and stature as one of the club’s best products in years has garnered attention from rival clubs, with the Daily Mail reporting interest from Premier League giants Arsenal and Manchester United.
The Gunners always have their eye open for youth talent, as Southampton know quite well considering Theo Walcott, Alex Oxlade-Chamberlain and Calum Chambers all started their careers at St. Mary’s.
There is certainly scope to look out for a new left-back at the Emirates Stadium as current first-teamer Nacho Monreal is forever linked with a move back to his native Spain.
Only last July, Spanish paper Marca insisted that 29-year-old Monreal was edging closer to a move to Athletic Bilbao where his Basque roots allow him to play for the San Mames outfit.
Kieran Gibbs is presumably Monreal’s natural competitor and successor should he return to La Liga, though a door is open for another youngster to come in and compete for the left-back spot.
The report goes on to say that Arsenal had representatives in the stands to watch Chilwell in midweek, though boss Claudio Ranieri is in no rush to sell his side’s prized assets.