The Zambia international had a superb 2020/21 season with the Austrian champions, bagging 34 goals and 12 assists from just 42 appearances.
It is now reported that the Foxes have finalised a transfer fee with Salzburg, while Daka has also agreed personal terms over a five-year contract.
The Midlands outfit are now completing the necessary paperwork and formalities, and a formal announcement could be made in the coming days.
Daka has been garnering plenty of attention over the past year after the success of former teammate Erling Haaland, who is now with Borussia Dortmund.
Haaland has had no trouble adapting outside of the Austrian top-flight and bagged a stunning tally of 41 goals for Dortmund last season.
The Foxes have landed a big coup with the Zambian’s signature, and it remains to be seen whether he can make an immediate impact next term.
Daka is less direct with his style of play compared to Haaland, but he likes to use his speed and dribble skills to outwit opposition defences.
The striker is not the best aerially at 183cm, but he is good with his link-up play and excels while playing with another striker alongside him.
Brendan Rodgers opted to partner Jamie Vardy and Kelechi Iheanacho regularly earlier this year. Daka could initially be used in rotation by the Foxes boss.
Stats from Transfermarkt.com