Leicester have confirmed discussions with Milan Mandaric are ongoing as the former Portsmouth chairman continues his bid to take over the Championship club.
Mandaric tabled an offer of £25million last week, but the Foxes board have also courted interest from a number of other potential investors.
Board members have repeated their claim that they will not be rushed into any decision on the club's future.
A club statement read: 'Discussions with Milan Mandaric are continuing in relation to the offer he has made for the club.
'But integral to the decision-making process is that the short, medium and long-term best interests of the club are safeguarded at all times.
'Mr Mandaric's bid is one of a number of options which the club is currently considering.
'The board appreciates supporters' desire for detailed information but the content of all discussions must remain confidential at this time.'