Chilwell has drawn the attention of a number of clubs in recent times, including Manchester United, Chelsea, and Tottenham, so could be on the way out in the next transfer window if the price is right.
Leicester scouts have watched Taylor in action a number of times, who has also impressed during his time at Burnley so far.
Leicester City are reportedly keeping an eye on impressive Burnley’s Charlie Taylor (left)
Taylor has been praised by his boss Sean Dyche who suggests he should get an England call
Taylor started his career at Leeds, going on loan to a number of teams before moving to Burnley in 2017 after reaching the end of his contract.
The two clubs agreed a £5million fee to avoid going to a tribunal. Taylor had been offered a new contract and was under the age of 24, so Leeds were entitled to compensation for the transfer.
Burnley boss Sean Dyche recently praised the left-back, saying he should be considered alongside Chilwell when it comes to a spot in the England squad.
Leicester are weighing up left-back options if Ben Chilwell leaves the club in the summer
Leicester boss Brendan Rodgers’ interest in Taylor goes back to when he was at Celtic
Leicester manager Brendan Rodgers has had Taylor on his radar for some time after becoming interested in his services while he was at Celtic.
The Foxes are in third in the Premier League and are destined for the Champions League next season, although they are without a win in their last four games.
Meanwhile, Burnley are undefeated in six games in the league at the moment, a run of form which includes wins over Leicester and Manchester United.