Leicester are at risk of losing points next season, Sky Sports reports.
The club may be accused of violating the financial rules of the Premier League in its last season before relegation. The club is likely to have exceeded the permissible loss limit of £105 million.
The charges may be filed as early as next week, but in any case, the club is not in danger of relegation this season.
If the Foxes' guilt is proven, Leicester will be stripped of points next season. However, the league could punish Leicester right now if it wanted to.