Kasper Schmeichel is wanted by Arsenal[GETTY]Schmeichel is out of contract in the summer and has stalled over signing a new deal with the Foxes despite helping them gain promotion to the Premier League this term.
And reports in Denmark suggest that there are several clubs ready to offer the 27-year-old a place in their squad for next season.
Arsenal look increasingly likely to be able to offer Schmeichel Champions League football next season, with Greek side Olympiakos also hoping the lure of European football could work in their favour.
AC Milan remain one of the top sides in Europe but have endured a difficult season and will only be able to offer domestic football in Serie A next term.
Wojciech Szczesny could be surplus to requirements at Arsenal next season [GETTY]When you prove that you are a capable and stable keeper through two difficult seasons in the Championship, you will be in demand.
Southampton are similarly unable to offer continental competition next term but Schmeichel could well be tempted by the prospect of joining Mauricio Pochettino's project if the Argentine doesn't himself depart in the summer.
Schmeichel's agent, Kenneth Shepherd - the son of former Newcastle owner Freddy Shepherd - refused to comment on the offers but Leicester boss Nigel Pearson has previously admitted it will be tough to keep the Dane at the King Power stadium.
He said: "When you prove that you are a capable and stable keeper through two difficult seasons in the Championship, you will be in demand.
"But Kasper knows what he gets from us, and the important role he has in the Premier League. We can only hope makes the difference."
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