Liverpool are said to have had a £7million bid rejected for the Foxes academy product last month, with The Sun claiming they're prepared to up their offer to £8m.
But the Daily Mail report that Chilwell is ready to put pen to paper on a bumper five-year deal at the Premier League champions.
The England Under-21 international only featured three times for Leicester in the FA Cup and League Cup last season, but is highly regarded by manager Claudio Ranieri.
GETTY
Ben Chilwell converted his penalty to beat Celtic
Chilwell played the entire 90 minutes against Celtic in the International Champions Cup penalty shoot-out win on Saturday, converting his effort from the spot after a 1-1 draw.
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