Leicester have agreed an arrangement to sign midfielder Vicente Iborra from Sevilla, as per the Spanish club.
Sevilla included that the move for the Spaniard is subject to passing a medical with Leister and personal terms being agreed.
Iborra, 29, moved to Sevilla from Levante in 2013 and helped them win three progressive Europa League titles.
He played against Leicester in both legs of the Champions League last season when the Foxes triumphed against the La Liga side in last-16 tie.
Iborra was skipper of Sevilla last season and, altogether made 147 appearances scoring 30 goals.
Reports in Spain say the charge is probably going to be in the area of 12 million euros (£10.5m)
The midfielder has been permitted to leave after the club re signed Ever Banega from Inter Milan.