Leicester are attempting to tie down skipper Jonny Evans despite releasing seven stars following their relegation from the Premier League.
The Foxes officially let go out of contract stars Youri Tielemans, Daniel Amartey, Ayoze Perez, Caglar Soyuncu, Papy Mendy, Ryan Bertrand and loanee Tete.
The 2015/16 champions are preparing for a major rebuild after dropping into the second tier on the final day of the Premier League.
They need to cut costs with a wage bill at £182million after losing £92.5m in the last financial year.