The 24-year-old midfielder will enter the final year of his contract at Leicester in the summer and will not be signing a new deal with the club.
Ahead of the next transfer window, Tielemans is likely to attract the attention of several clubs due to his contract situation and he has suitors in the Premier League.
Manchester United are amongst the clubs who have their eyes on him and Leicester are prepared to listen to offers for him.
And it has been claimed that the Belgian will be sold if Leicester receive a fee in the region of £25m in the summer.
Leicester are aware that they cannot ask for the biggest fee for Tielemans because of the situation of his contract.
The Belgian is prepared to leave but would want to join a club playing in the Champions League next season.
The 24-year-old has also not ruled out seeing out the final year of his contract at Leicester and leaving on a free transfer at the end of next season.
