Kasper Schmeichel would be allowed to leave Leicester in this transfer window as long as the club are confident they can find a successor of similar standing.
French club Nice are keen to sign the Dane, who is club captain and was part of Leicester’s 2016 Premier League-winning squad, after joining the Foxes in 2011.
Newcastle had previously shown interest in the 35-year-old stopper who has just one year left on his current contract at the King Power Stadium.
Sportsmail reported in July that he had been left out of the squad for Leicester’s pre-season training camp in France, though linked up again with his team-mates last week.