Following defeats suffered from the hands of Fulham in the Championship Play-offs, the Villans are reportedly struggling to keep hold of their players with John Terry being the first to depart.
Steve Bruce will be facing a lot of transfer issues this summer as he tends to keep hold of his key players at the club for the next season, and with Premier League clubs interested in Grealish, the youngster could be the next to depart with Terry this summer.
A move to the King Power Power Stadium will be the best transfer move for Grealish having a high chance of getting first team start better than how his career could go with the Red devils.
With key player Riyad Mahrez reportedly bound to leave for Manchester City this summer, the Foxes have identified the Championship star as a potential replacement for the Algerian.
However, the Foxes will be facing a very stiff competition with the Telegraph reporting that Tottenham Hotspur are ready to table a bid to Aston Villa for Jack Grealish.
Grealish, who still has two years left on his contract at the Villa Park, has found the back of the net three times and further providing eight assists in all 34 appearances made for Aston Villa this season.