The 60-year-old Thai businessman, who guided the club to a Premier League title, was one of the victims of the tragic helicopter crash at the King Power Stadium on Saturday.
A beloved figure by players and fans alike, there has been an outpouring of sympathy for his passing and Wise added to these tributes on 'Sky Sports'.
"The thoughts are with everyone associated to Leicester at the moment, especially the families [affected by] this tragic event," Wise said.
"He has done so much for the community, for the football club, for football in general. He's going to be really missed by everyone.
"You can see the scenes that have occurred with the fans, and everyone involved how they speak so highly of him. It's a sad, sad situation. We're very disappointed to have lost such a top guy."