The Foxes have already snapped up winger Demarai Gray from Birmingham during this month's transfer window, and BBC Sport suggest that a deal for Copenhagen utility man Daniel Amartey is close.
Manager Claudio Ranieri will be hoping to cap off a superb campaign with a top four place at the very least, with the Premier League title still well within reach - but he may pursue more additions yet.
Brazilian newspaper Globo Esporte report that Manchester United youngster Andreas Pereira is looking to leave Old Trafford for first-team football - and Leicester are interested.
It's stated that Leicester have not only contacted Pereira's agent about a move to the King Power Stadium, but have also opened dialogue with Manchester United about a potential deal this month, though it isn't clear whether that would be a loan or a permanent switch.
Pereira, 20, joined United from Dutch side PSV Eindhoven in 2011, and has long been rated as one of the stars of the future during his time at Old Trafford.
However, with only nine first-team appearances to his name, it now seems that Pereira is keen to leave the club and play on a regular basis, with Malaga and former club PSV named as other interested clubs.
The Belgian-born playmaker has chosen to represent Brazil at international level, and knows that only first-team football will help him realise his potential for club and country, with Leicester seemingly keen to snap him up during this month's transfer window.