With exceptional performances from the likes of N'Golo Kante, Riyad Mahrez and Jamie Vardy, Leicester will now be aiming to kick on and ensure European qualification this term.
Manager Ranieri may look for new signings in January to make sure that the Foxes do finish in the top six after a great first half of the season, and it seems that one player is already a target.
The Mirror report that PSV Eindhoven right back Santiago Arias has come Leicester's priority ahead of the January transfer window, having impressed in the Eredivisie.
The former Sporting Lisbon defender, 23, has been a regular for PSV ever since his move in 2013, and even helped Phillip Cocu's side win the Eredivisie title last season.
Tipped as one of the next great young stars for Colombia, Arias is allegedly being watched by a host of European giants, according to The Mirror, but Leicester are believed to be leading the race for his signature, with Ranieri hoping to land a major coup in January.
The likes of Ritchie De Laet and Danny Simpson have played at right back for Leicester this season, but Arias - a pacey, attack-minded full back - would give Ranieri a huge upgrade in defence, and a real signal of intent in the transfer market.