The 30-year-old has been at Leicester for the past two seasons scoring 19 goals in 73 games, but it looks like his time with the Premier League champions may be coming to an end.
Ulloa scored some important goals for the Foxes last season and provided more than adequate cover for Jamie Vardy and Shinji Okazaki. However, the arrival of Ahmed Musa at the King Power Stadium means that Ulloa's first-team opportunities may be even more limited next season.
This is something that fellow Premier League side Swansea have become aware of and the striker may be allowed to leave the champions for the right price.