Croatian international wanted south of the border.
Rangers will allow striker Nikica Jelavic to leave in January – with Swansea and Leicester going head-to-head for his signature.
The Croatian striker moved to Scotland from Rapid Vienna for £4m just over a year ago and has been a hit in the SPL, scoring 25 goals in 37 appearances for the Blues.
Swansea boss Brendan Rogers is desperate for more firepower to boost his side’s chances of Premier League survival. The Swans have scored just 12 league goals so far this term, with only West Brom, Stoke and Blackburn scoring fewer in the league.
So basically Nikica Jelavic, who apparently is keen to move south of the border, has to pick between a Championship side who can offer him big money or the chance of Premier League football in January.
Clearly the Foxes may well secure promotion to the top tier this season because even though they did axe Sven-Goran Eriksson, Leicester City are currently just two points from the play-off spots at present.
The former Rapid Vienna man has been a hit at Ibrox, notching up 30 goals from 39 starts and Rangers are thought to be looking to get at least £8m for the 26 year old.