Leicester City facing January transfer exodus Pearson, the manager, and 11 first-team players are out of contract at the end of the season and negotiations have been put on hold until Leicester know what division they will be in. Kasper Schmeichel, skipper Wes Morgan and former England internationals David Nugent and Paul Konchesky are four of the players whose futures are up in the air. Schmeichel is being targeted by Newcastle and West Ham and a string of European clubs while Nottingham Forest remain interest in both Morgan and Nugent. The uncertainty is creating resentment in the dressing room and there is growing frustration among the squad that talks have been suspended until the summer. Pearson has guided Leicester to third in the Championship and is battling to keep his players focused despite the threat of key players leaving next month. His future is also uncertain and due to his achievements this season Leicester run the risk of an approach from rival clubs, with compensation expected to be minimal. Leicester appointed Terry Robinson as director of football in June with a remit to bring the Championship club in line with the new Financial Fair Play rules.