Nigel Pearson with Steve Walsh (L)
Walsh, 51, was a key assistant to Nigel Pearson in both of his spells at Leicester and during a stint with Hull City, but has shot to stardom over the last year.
Leicester manager Claudio Ranieri with Steve Walsh during training
Known as a top talent spotter, Walsh has been credited with being the driving force behind moves to bring N'Golo Kante, Riyad Mahrez and Jamie Vardy to the King Power Stadium; three players who were vital as the Foxes stunned the world and won the Premier League title last season.
Unsurprisingly, his ability to unearth talented players in low-cost deals has attracted great interest, and Everton appear to be keen on luring him to Goodison Park.
It's a new era in the blue half of Liverpool, as Everton have new owner Farhad Moshiri and recently-appointed manager Ronald Koeman calling the shots in what promises to be an ambitious summer for the Toffees.
Many potential transfer targets have been linked with moves to Everton, but the priority for Moshiri appears to be landing Walsh - despite seeing his first approach for the Leicester man fall flat.
The Telegraph claim that, with Everton wanting to make Walsh their new director of football, Leicester have rejected their first approach, but are ultimately resigned to losing their chief talent spotter.
It's stated that Walsh wants to hold talks with Everton, having been promised a huge role in the club's new era by Moshiri - but the Toffees may have to pay up to land their man this summer, with Leicester reluctant to lose him without a fight.