The Foxes have been chasing a number of attacking additions in the January transfer window, and they seem to have agreed a deal for Remy.
The Foxes’ first choice was Remy, though, and they have finally been able to agree a £10 million deal with Chelsea.
The French striker has been made available by the Blues following their capture of Alexandre Pato on loan.
Leicester’s signing of Remy would be a signal of their intent, as they look to consolidate their place in the top four of the Premier League.
Claudio Ranieri’s side are currently top of England’s top flight, and Remy’s arrival would improve their attacking options considerably.
Remy has rarely featured for Chelsea this season, but he has proven to be a prolific scorer at Newcastle United and Queens Park Rangers, and the 29-year-old is likely to partner Jamie Vardy up front at the King Power Stadium if he does arrive before Monday's deadline.