The Dutchman has denied being approached by the Premier League champions but claimed that he could not "exclude" the possibility of taking the job.
Former Netherlands boss Guus Hiddink has admitted that he would be open to managing Leicester City following the sacking of Claudio Ranieri.
Reports have claimed that Hiddink's representatives were approached by the Foxes over the weekend, with Leicester officials keen to discover whether the 70-year-old could be tempted by another spell in the Premier League.
Former manager Nigel Pearson, Nantes boss Sergio Conceicao, ex-England coach Roy Hodgson and Huddersfield Town's David Wagner have also been linked with a move to the King Power Stadium as successor to Premier League title winner Ranieri, who was sacked last week.