Jeffrey Schlupp has returned to Leicester following his trial at Manchester United.
Schlupp, who came through the youth ranks at City, has spent the past month with the Barclays Premier League leaders, making two appearances for the Red Devils' Under-21 side.
Reports this week have suggested a deal is in place for the 20-year-old to move to Old Trafford in the summer, but Foxes boss Nigel Pearson insists those stories are wide of the mark for the moment.
He told BBC Radio Leicester: "We will be discussing what the next step is, and as soon as we find that out ourselves then we will let you know. He has done well up there."
German-born Ghana international Schlupp is a striker by trade but he has been used as a makeshift left-back by Pearson on several occasions this season.