BREAKING 🚨🚨: Leicester City have agreed a deal to sign their first summer target, with the player set to join the club immediately in a £10m move.

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Leicester City are preparing for a crucial summer rebuild with a modest transfer budget of around £10 million, as the club begins to reshape its squad following relegation.

Recruitment plans are already under way, with scouts instructed to identify targets capable of arriving quickly and making an immediate impact.

PLYMOUTH, ENGLAND – JANUARY 24: Lorent Tolaj of Plymouth Argyle during the Sky Bet League One match between Plymouth Argyle and Luton Town at Home Park on January 24, 2026 in Plymouth, England. (Photo by Isabelle Field/Getty Images)

The emphasis is firmly on efficiency, with Leicester keen to move early in the market rather than risk being left behind as rivals strengthen.

A new striker has been identified as the club’s top priority. Leicester struggled for consistency in front of goal throughout the campaign, and addressing that weakness is viewed as essential if they are to mount a serious promotion challenge next season.

Among the names under consideration is Lorent Tolaj, who impressed during his time at Plymouth. The forward is understood to be high on Leicester’s shortlist, with his mobility and eye for goal making him an attractive option within the club’s financial constraints.

The reduced budget reflects the realities of life outside the Championship, with Leicester needing to balance ambition with sustainability.

It is expected that departures will also play a key role in shaping the squad, both to trim wages and to generate additional funds.

While £10 million offers limited room for manoeuvre, Leicester’s recruitment team are under pressure to ensure every signing counts as the club look to rebuild with purpose.

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