While Los Blancos are one win away from winning a La Liga and Champions League double, Atletico are ready to make changes to their squad after a below-par effort in Spain's top flight.
According to the Daily Mail, both of the Madrid giants have identified Soyuncu as a potential addition ahead of 2022-23.
During his time at the King Power Stadium, the Turkey international has generally made a strong impression, featuring on 91 appearances in the Premier League since 2018.
However, after losing his status as a certain starter and with just a year left on his contract, there is scope for the 25-year-old departing the Foxes this summer.
Leicester would hope to recoup a fee similar to the £19m that they paid Freiburg in August 2018. body check tags ::