The former Stade Rheims striker, 27, scored for City Reserves last night in an impressive 4-1 win over Sheffield United and could be the answer to Nigel Pearson's striker problems.
Leicester's medical staff have announced that Steve Howard and Martyn Waghorn will both be sidelined for Saturday's visit of Barnsley to the Walkers Stadium.
Both players picked up hamstring injuries at Bramell Lane on Saturday and could be out for months should the problems persist.
Talking about his striker headache, Pearson said: 'We are always working at additions to the squad so we will see what happens.
'We are currently discussing one or two options in regard to him (Kermorgant) and we will see where that takes us.'
Meanwhile, Blackburn forward Paul Gallagher has been linked with a switch to City, with some sources claiming he was at the Walkers Stadium to complete a medical today.
The 25-year-old appeared for Blackburn on Saturday, making a second half appearance against Manchester City.