Nampalys Mendy has made 120 appearances since joining Nice in 2013
The 24-year-old midfielder has excelled with French side Nice this season, making 38 Ligue 1 appearances.
And his form is said to have convinced Foxes boss Claudio Ranieri to launch a move for a player he previously managed during his two-year spell as Monaco manager.
The veteran Italian is keen to add reinforcements to his Premier League winning squad ahead of their debut Champions League campaign.
And N’Golo Kante’s prospective exit, amid interest from Arsenal, Manchester United and Chelsea, has escalated his interest in Mendy.
The report claims Leicester will shell out an initial £13.2million on Mendy, with further performance related bonuses due dependent on his success at the King Power Stadium.
Mendy will reportedly sign a four-year-deal with the Foxes and may be in line to partner Danny Drinkwater in the heart of their midfield for the 2016/17 season opener against newly-promoted Hull.
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