The 24-year-old centre-back joined Stoke from Dundee United in January 2018 and has impressed this season for the Potters.
Souttar has attracted interest from several clubs due to his displays for the Potters, including Premier League outfit Leicester City.
Brendan Rodgers’ team are 14th in the league table, only three points clear of the relegation zone.
The Foxes’ boss wants to bring in a defender in the ongoing transfer window to bolster his defence and has identified Souttar as the perfect candidate.