He added that Leicester and Manchester City have already agreed on a fee, but it was dispute concerning the player's right that was delaying the deal.
"Yes, we have interest in him," he said. "But we have to wait for Manchester City's stance on this, as they are still in their pre-season as well. If it happens, it will be soon.
"Leicester City's transfer market is not over yet. We just signed three players and there will be at least one more.
"We aim for a top-10 position this season. If we start well in the first half of the season, then we will also expand our focus to cup competitions."
Man City boss Pep Guardiola has confirmed that Iheanacho is set to leave the club with the striker not included on their pre-season tour.
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