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Arsenal and Fulham are in the race to sign Chelsea outcast Gary Cahill from the West London side during the January transfer window.
Fulham are looking to make reinforcements to their side as they seek to stay away from the drop.
The Blues are ready to sell Cahill, 32, as he has fallen down the club’s pecking order under manager Maurizio Sarri.
His contract runs out at the end of the campaign and Fulham want to lure him to the Craven Cottage in January on either a permanent or loan deal.
Ranieri sees the former England star’s experience as a potentially crucial element in his team’s fight against relegation.
But the Cottagers have to battle both West Ham United and Southampton for the player’s signature.