Leicester’s home ground currently has a capacity of 32,000 but they plan to add 8,000 more seats to the Stadium’s East Stand.
The King Power Stadium was opened in July 2002 and has been the sight for many glorious moments including the lifting of the Premier League title by the club in 2016 under Claudio Ranieri.
Leicester City are now a major force in English football, having played Champions League and Europa League football in addition to their Premier League and FA Cup triumphs.
Leicester chairman, Aiyawatt Srivaddhanaprabha, said: "The unveiling of these plans represents a significant milestone in the long history of Leicester City Football Club, and one that we hope will continue to put our supporters and our community at the heart of its long-term future.
"Through the consultation with our fans, our local community, businesses and stakeholders, we hope to achieve something that we can all be proud of for years to come.
"It's these conversations that will help us communicate our vision to the people at its heart and take on board the views of our community to help shape it.
"While this vision is in its early stages, I know the prospect of additional capacity for more Leicester City supporters in King Power Stadium, has long been anticipated by us all, particularly after seven near sold-out Premier League seasons."
