Leicester have agreed a club-record fee to sign Sporting striker Islam Slimani.
The forward is undergoing a medical and is set to join the Foxes after expressing his desire to move to the King Power Stadium.
Sporting had been asking for 40million euros – around £34million – for Slimani.
Slimani scored 27 goals in 33 games as Sporting finished runners up to Benfica in the Primeira Liga last season and will link up with Algeria team-mate Riyad Mahrez at the Foxes.
The 27-year-old’s Sporting team-mate Adrien Silva is also on Leicester’s wishlist but nothing has been confirmed for the midfielder, who won Euro 2016 with Portugal.
The deal for Slimani would eclipse the £16million Leicester paid CSKA Moscow for forward Ahmed Musa in the summer.
West Brom had a bid for the striker rejected earlier in the window and refused to meet Sporting’s asking price but Leicester striker Leonardo Ulloa remains an option for the Baggies.
All avenues are open for the 30-year-old and he could yet stay at the club but talks have been held over his future and the Baggies are considering a late move, Press Association Sport understands.
Ulloa has options in Spain but would prefer to remain in the Premier League and feels he has proved himself in England’s top flight with Sunderland also linked.
Ulloa scored six goals last season as he was used as back-up to Jamie Vardy and Shinji Okazaki as the Foxes won a shock title by 10 points and wanted assurances he would play more this season.
The forward, who has two years left on his contract, wants the Foxes to show him the commitment he felt he deserved after a raft of players signed new deals this summer, with Marc Albrighton the latest to pen new terms this week, and is prepared to leave.
Boss Tony Pulis is a long-term admirer of Ulloa and weighed up an offer before he joined Leicester from Brighton in 2014. Ulloa has scored 19 goals in 77 appearances for the Foxes.
Meanwhile, Gokhan Inler has left Leicester to join Besiktas on a three-year deal.
The midfielder only made five league appearances after signing for £5.5million from Napoli 12 months ago as Danny Drinkwater and N’Golo Kante restricted his playing time and had been told he could leave by Ranieri.