Having narrowly avoided relegation after a late charge last season and sacking their confrontational manager Nigel Pearson it didn't look good for the Foxes when they brought in Ranieri, someone who hadn't managed in England for 11 years and whose previous job as Greece manager saw him finish Euro 2016 qualifying below the Faroe Islands.
And it's these factors that may have factored in Ranieri's contract having a one year break clause in his two year-deal. It means that the former Chelsea boss could buy himself out of his contract for a 'modest sum' and his performance this season has alerted a number of Italian clubs as well as the Italian FA who will lose Antonio Conte after Euro 2016. Continue
The bosses at the King Power Stadium are set to offer Ranieri a new contract that will see the clause disappear and his wage increase from £1.5 million a year.
The report in the Times suggests that Ranieri's willingness to sign a new deal could depend on the club's ability to keep hold of their big names with the likes of Barcelona, Arsenal and Chelsea linked with Riyad Mahrez, N'Golo Kante and Jamie Vardy.
Losing the 64 year-old would be a huge blow for Leicester as they head into their first season in the Champions League. However also high on their priorities will be extending the contracts' of assistants Steve Walsh and Craig Shakespeare whose deals also end at the end of next season.
Will Ranieri stay at Leicester? I see no reason why he should even consider leaving.
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