The Premeier League leaders, who currently sit two points ahead of nearest title rivals Tottenham and Arsenal in second and third respectively, are ready to splash the cash come the end of the 2015-16 campaign after a breathtaking tearm at the king Power Stadium.
The 23-year old, who has 54 international caps for his country, has scored an impressive ten goals in 29 appearance in all competitions for CSKA Moscow so far this season.
Musa, who is predominantly a centre forward, was reportedly the subject of interest from Claudio Ranieri's side during the previous January transfer window.
The report suggests that the Foxes are set to go back for the Nigerian hitman with a bid of £20m this summer.
The former Kano Pillars forward has netted 46 goals in 153 first team appearances for the Russian Premier Liga outfit since arriving from Dutch club VVV-Venlo back in January 2012.
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