Over the summer, Leicester lost several players from the relegated Premier League squad, but Wout Faes was one who remained. Attempts were made for him to move on after three years at the King Power Stadium, but ultimately, no arrangement was finalized with Serie A club Lazio.
Overall, Faes has endured a challenging spell at Leicester, and matters recently worsened as he faced criticism regarding his spot in the Belgian national team. In addition, he has yet to start any fixtures in the Championship, with his only outing in the starting XI coming in the Carabao Cup loss to Huddersfield.
Faes joined Leicester with high expectations, but now he seems to be approaching a quiet conclusion to his tenure at the Championship outfit.
Leicester want €10m to sell Wout Faes to Lazio:

According to Il Messaggero (via Sport Witness), Lazio attempted to secure Faes during the summer transfer window, but an agreement could not be reached. Nevertheless, they are still aiming to strike a deal with Leicester, which they hope to finalize in January.
As the report states, Leicester are willing to accept €10m to move Faes off their payroll. They are eager to part company with the Belgium international, but achieving this might be tricky as Lazio would require him to accept a salary reduction in order to join when the transfer market reopens in January.
It remains uncertain whether Faes will depart Leicester in January, but it’s evident that he is not in Cifuentes’ plans. It would likely be beneficial for all sides if an arrangement were completed sooner rather than later.