Leicester City have made an offer for Panathinaikos striker Fotis Ioannidis.
Ioannidis has been tracked by Ipswich Town this summer.
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But the Telegraph says Leicester are preparing to make an offer for the Greece international this week.
Ioannidis has scored a total of 40 goals in 144 games for Panathinaikos.
In addition, he has 11 international matches for Greece with two goals.