Town are reported to be one of a number of clubs keen on former loanee Ryan Tunnicliffe, who is currently out of favour with the Blues' Boxing Day opponents Fulham.
According to the Daily Mail, the 23-year-old is keen to move on in January due to his lack of games at Craven Cottage and Town, Preston, QPR and Rangers are all interested.
Tunnicliffe, who hasn’t featured for the Cottagers since October, made 24 starts and five sub appearances for the Blues while on loan from Manchester United in the first half of the 2013/14 season before being sold to Fulham in the January transfer window.
The midfielder, who had spells on loan at Barnsley and Peterborough prior to joining Town and with Wigan and Blackburn more recently, is out of contract in the summer and reportedly will be available on a free transfer in January.
Meanwhile, the same paper also claims Derby, Norwich, Reading, Cardiff and Wigan have all made enquiries to Leicester regarding Blues loanee Tom Lawrence.
The 22-year-old Wales international, who has 18 months left on his contract with the Foxes, has impressed while with the Blues during the first half of the season.
Lawrence is due to stay with Town for the whole campaign, however, as was the case with Tunnicliffe's spell with the Blues, deals often include a provision which allows parent clubs to cut short loans during the January window.