Leicester City are set to break their 14-year-old transfer record by
signing Brighton & Hove Albion striker Leonardo Ulloa for about £7m,
reports BBC Radio Leicester
.
The Argentine has flown home from the Seagulls' pre-season tour of Spain and is expected to join on Friday.
Ulloa, 27, scored 16 goals in all competitions last season.
He joined Brighton on a four-and-a-half-year deal from Spanish side Almeria for about £2m in January 2013.
Leicester, who won the Championship title last season, paid £5.5m for Ade Akinbiyi in July 2000.
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