Demarai Gray has a buyout clause of £12million
The 20-year-old has played in 33 matches for Leicester this season in all competitions, but he has started just 12 of those games.
Leicester bought the England under-21 international just over a year ago for £3.5million from Birmingham.
But The Sunday Mirror claim Gray is growing frustrated at not being given more opportunities in the starting XI.
Gray has reportedly grown frustrated at his lack of opportunities in the starting XI
Liverpool are one of three clubs hoping to snap up Gray this summer
And the newspaper reports Gray would be available for as little as £12million.
That's because of the buyout figure written in his contract at Leicester.
And Liverpool, Everton and Tottenham are all in the winger, the report claims.
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Leicester have struggled to live up to last season's heroics of winning the Premier League and have instead been dragged into a relegation battle.
Their poor league results led to Claudio Ranieri being sacked with Craig Shakespeare taking over the reins.
Gray has featured just twice under Shakespeare since he stepped up as Leicester boss.
And he will reportedly consider his options in the summer if he isn't given more opportunities from the start.