The Premier League champions, tried to sign the 23-year-old in January, but could not agree a deal.
Musa ended up staying at CSKA Moscow, where he scored 13 goals in 30 games, as they clinched the Russian league.
However, Leicester are back in for Musa, with a fresh bid of €30million, according to CSKA’s coach Leonid Slutsky.
“They have been talking since January, but it didn’t happen,” Musa said.
“Now, I’m just waiting for them to finish. If they agree, why not? I’ll be happy to join.”
