Premier League champions Leicester City are willing to part ways with Leonardo Ulloa, should any club match his £10 valuation.

The 30-year-old has been strongly linked with a move to Sunderland in the January transfer window.

According to The Telegraph, Ulloa will be allowed to pursue a fresh challenge away from the King Power Stadium having failed to start a Premier League game this term.

Ulloa is currently rated at around £10m, but the Foxes will delay any potential deal until the end of January, given Islam Slimani's participation at the African Cup of Nations.

The former Brighton man was a key contributor for Claudio Ranieri's side last season as they went on to become the English champions against the odds. He has netted 19 goals in 80 outings for his side till date.