According to Express Sport, Chelsea have informed Leicester they won't pay more than £30million for Danny Drinkwater.
The Englishman has been identified by manager Antonio Conte as one who could take over from Nemanja Matic in midfield.
The article claims that the 27-year-old is eager to leave the Foxes to work with the Italian manager.
He was one of the key players in Claudio Ranieri's title-winning team two years ago.
The Foxes will sit down to talk if they do receive an offer in the region of £30million.
Leicester boss Craig Shakespeare is not amused by the idea of selling such an important player to a Premier League rival.
But the Blues are expected to open negotiations in the coming days.
