Leicester are set to ask Chelsea for the money they received following the sale of Nemanja Matic to Manchester United if they want to sign Danny Drinkwater.
The Telegraph have reported that the Premier League champions will make a £25m bid for the midfielder having already had a £15m offer rejected.
But Leicester are reportedly set to hold out for their asking price of £40m, the same fee United paid Chelsea for Matic.
Antonio Conte is looking to strenghten his squad before the end of the transfer window having grown increasingly frustrated by the club's lack of depth.