Rumours of Martin O'Neill's Leicester return end as Claudio Ranieri appointed new boss
Leicester City have appointed former Chelsea manager Claudio Ranieri as Nigel Pearson's successor, ending speculation linking Martin O'Neill with a return to the Foxes.
The Republic of Ireland manager's contract ends when the Euros campaign draws to a close and he has previously hinted that he would be open to a longer stay, but has been touted with a return to Leicester.
O'Neill emerged as a shock contender to make a return to the club where he was manager between 1995 and 2000 on Friday, after Leicester sources confirming they would like to speak with the Republic of Ireland boss about their vacancy.
Yet those approaches were met with a negative response and with the club's Thai owners keen to appoint a high profile candidate to their top job, Ranieri became the most cost effective and suitable candidate.
The odds on Ranieri taking over as Leicester boss tumbled throughout Monday before confirmation came through that the Italian had landed the role.
Pearson was relieved of his duties last month, with the club making a statement at the time which said "fundamental differences in perspective exist between us''.