Hamza Choudhury: On loan at Burton last season
Choudhury has come through the ranks at Leicester and is highly-regarded within the corridors of power at the King Power Stadium.
The 19-year-old has yet to make his first-team for Leicester, but the club have high hopes for him for the future.
Leicester City's Hamza Choudhury in action against Manchester City's Brandon Barker (R)
Choudhury has had two spells out on at Burton Albion in the last months, helping them promotion to the Championship in his first spell with the Brewers.
Burton re-signed him last August on a season-long loan deal and he made 14 appearances in the Championship, but he was recalled by Leicester in January after finding his opportunities limited for Burton.
The classy midfielder ended last season playing for Leicester's Under-23s side and the club feel the best thing for him to do in the next stage of his development is to go out on loan again.
A number of clubs in England have expressed an interest in taking Choudhury on loan, but Rangers and Hearts are hoping to lure the player north of the border.
Hamza Choudhury: Had two loan spells at Burton
Rangers boss Pedro Caixinha has been busy reshaping the squad at Ibrox after a disappointing first season back in the top flight last term and he sees Choudhury as a key addition to his plans.
Hearts are also hoping to land Choudhury as Jambos boss Ian Cathro looks to bring in a midfielder to Tynecastle before the close of the transfer window.
Leicester are now assessing their options before deciding where they feel best for Choudhury to go out on loan next season.