Birmingham City are said by Sky Sports to have accepted a bid from Leicester for the talented youngster.
Gray’s move to the King Power Stadium is now set to go through in the imminent future, and Goodman believes that he will be a hit in the Premier League.
"It's hard to argue against him going,” the pundit said. “He has played nearly 80 games for Birmingham, that's nearly two seasons of regular first-team football, and I think Leicester is a perfect fit. He's been playing in a Birmingham side who are very similar in terms of style of play to Leicester, in terms of the way they counter attack.
"They are one of the teams in the Championship with the least amount of possession and Leicester are the same in the Premier League.
"They are two teams happy to concede possession and when they get the ball they spring quickly, and that is one of Gray's attributes. He is very pacey, takes defenders on, goes both ways, which I like in young players, and he has a goal in him.”
Gray has established a reputation as one of the finest youngsters in the Championship, but he will be taking a sizeable step up in standard if he does join Leicester.
The Foxes are competing for a Champions League qualification spot, after losing just two of their first 20 matches of the season.
Gray’s task of breaking into Leicester’s first team will be tough, but the Birmingham Mail have suggested that he will not be loaned out.
Instead, Claudio Ranieri intends to keep Gray at Leicester - and put the youngster in direct competition with Riyad Mahrez and Marc Albrighton for a starting place.