The reigning champions have tied down their beloved Italian boss for another four years, and the bookies make it odds-on at 4/5 Leicester and Ranieri will land any major trophy before the contract is up in 2020.
Meanwhile, such is the adoration for Ranieri in Leicester, the bookies make it 1/2 that the Roman is immortalized forever with a statue in the city.
A Ladbrokes News spokesperson said: “Foxes supporters will be jumping for joy at the news of four more years under the Iconic Italian.
“Though another Premier League success may elude them, they seem destined for more glory under Ranieri, while a stature honouring the Tinkerman is seemingly a question of when rather than if.”
Leicester, champions last season by a mammoth 10 points, open their title defence in Saturday’s lunch-time kick-off, when they head to Premier League returnees Hull.
With Ranieri signed until 2010, the champions are 21/10 to kick off their campaign with three points in Yorkshire this weekend.
Ladbrokes Latest Betting
Leicester City Specials
Leicester to win the Premier League again by 2020 – 8/1
Leicester to erect a statue of Ranieri by 2020 – 1/2
Leicester to win a trophy by 2020 – (Major Trophy – EPL, FAC, LC. CL or EL) – 4/5
Ranieri to manage anywhere else in the Premier League – 5/1
Leicester to win any trophy this season – 6/1
Leicester to win the Champions League by 2020 – 25/1
All Odds and Markets are correct as of the date of publishing.