As per credible sources close to the deal, Leicester have placed a hefty £75million price tag on the ball-playing French international.
In addition, they demand that Chelsea include their young defender, Levi Colwill, as part of the deal.
Regarding Colwill, sources are not quite sure if the youngster going in the opposite direction would be on a temporary or permanent basis.
It is believed that Leicester place a high regard for Fofana and would rather not see him leave, except, of course, if a big bid arrives.
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Leicester will also like to have a capable replacement for Fofana in the event he leaves the club this transfer window, hence the demand for Chelsea’s Colwill.
Chelsea, on one hand, are desperate to add to their defensive ranks haven already seen Rudiger and Christensen depart to Real Madrid and Barcelona respectively.
So far, the Blues have only bought one defender, Koulibaly, while their deal for Jules Kounde was hijacked by Barcelona at the death.
More updates regarding a potential Fofana to Chelsea will be relayed to you as news unfolds.