Leicester City's Thai owners, the King Power International Group, are planning a summer splurge.

According to a report from the Daily Mirror, Foxes head chief Vichai Srivaddhanaprabha and co. are eyeing a Champions League campaign next season and are intent on bolstering their squad with that prospect in mind.

Leicester currently sit on top of the Premier League table, two points clear of Tottenham and Arsenal, and 12 points ahead of fifth-placed Manchester United meaning a spot in Europe's premier club competition next term is almost a certainty.

The East Midlands club will land as much as £87million for finishing in the top four and could strike a £10m bonus if they finish in the top three as they will be rewarded by UEFA for progressing straight through to the Champions League group stage.

That extra cash will prompt King Power to go after a number of targets when the next transfer window opens while increasing the wages of star players Riyad Mahrez, Kasper Schmeichel and Wes Morgan, as they did with Jamie Vardy recently.

It is believed that CSKA Moscow striker Ahmed Musa and Dynamo Kiev defender Aleksandar Dragovic remain high on Leicester's transfer list.