In the wake of that, there has been speculation around the futures of a number of players at the King Power Stadium, including the centre-back.
Earlier this month, Football Insider reported that Rangers have enquired about a deal for the Leicester City star this summer.
It is understood that Rangers have been given encouragement in their pursuit of Coady by the Foxes, who may need to sell after their relegation, with the 32-year-old in the final year of his contract.