LEICESTER are ready to pay £500,000 compensation to QPR to land Marti Cifuentes as their new manager.
Cifuentes, 43, has beaten Gary O’Neil, Chris Wilder and Danny Rohl in the race to succeed Ruud Van Nistelrooy at the Kingpower.
The Spanish coach left QPR last month after two seasons in charge at Loftus Road.
But it was not a straightforward departure as Cifuentes was put on gardening leave in April after strong links to West Brom, who were looking for a new manager.
As part of his exit agreement, a new club will have to pay compensation and Leicester look ready to do that.
Should the Foxes fork out the compensation fee, Cifuentes could be appointed in the next few days.
Cifuentes had only signed a new long-term deal with QPR last September but his spell in west London turned sour.
The manager had taken charge of 83 games as R’s boss, winning 29, drawing 23 and losing 31.
Leicester believe he can lead them back to the Premier League at the first attempt.
Pre-season has already started at the club with Andy King leading training.
They beat Peterborough United 3-1 in their opening friendly on Saturday.
Leicester’s first game is on August 10 against Sheffield Wednesday who are managed by Rohl, who was interested in moving to the east midlands.
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