Leicester City manager Nigel Pearson is in advanced talks with the club about signing a new contract, according to BBC Sport.

Pearson has seen his side bounce back from last season's play-off trauma in emphatic style, with The Foxes confirmed champions with a game to go.

The former Hull boss returned for his second spell in the East Midlands in 2011 after a disastrous Sven Goran-Eriksson tenure, and has rejuvenated a city which had been without Premier League football in ten years.

Leicester's vice-chairman Aiyawatt Srivaddhanaprabha, told the BBC: "Contract negotiations are ongoing. He did a good job and I'd prefer him to stay."

If Leicester were not to follow up the season with a contract it would be incredible, with the side sat on 99 points ahead of this weekend's home tie against Doncaster Rovers. Even more incredible, with Pearson currently enjoying the highest win record of any Foxes manager ever, at a staggering 50.37%.

It is not just Pearson whose contract is running out however. Danish goalkeeper Kasper Schmeichel has been reported as saying he wants to stay, despite reported interest from the likes of AC Milan and Arsenal. 

Added to this, first teamers such as David Nugent, Marcin Wasilewski, Lloyd Dyer and Gary Taylor-Fletcher are all due to the leave the club this summer, although contracts are expected to be offered to most. 

One man who will not be at the King Power however, is Kevin Phillips. The journeyman announced his retirement from football at the age of 40 last week, after sealing his fifth promotion to the top flight. 

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