West Bromwich Albion, who were recently relegated from the Premier League, are also keen on the 33-year-old to add competition for places with Ben Foster.
Championship promotion hopefuls Derby County and Middlesbrough – who are both preparing for the play-offs at the moment – also hold an interest in Jakupovic.
Derby currently have Scott Carson as their first-choice goalkeeper but want strength in depth while Boro are hoping that Jakupovic is able to push Darren Randolph for the starting spot.
Jakupovic is unhappy with his lack of playing time at Leicester, having only made two FA Cup appearances since his summer switch, and will now look for an exit.
The once-capped Switzerland international has previously proven his class at Premier League level during his time at Hull.
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