The Gunners are currently in fifth spot, a point behind Chelsea and four behind rivals Tottenham but with a game in hand.
Unai Emery could welcome back Pierre-Emerick Aubameyang to their starting line-up for the trip to the King Power Stadium.
The Gabon international was left out of the matchday squad to face Wolves in midweek after undergoing a sinus procedure.
Arsenal suffered in his absence, with the team slipping to a dismal 3-1 defeat at Molineux after goals from Ruben Neves, Matt Doherty and Diogo Jota.
The loss comes on the back of similar poor performance against Crystal Palace last weekend where they went down 3-2 at home.
However, the north London outfit could be boosted by the return of Aubameyang with the 29-year-old due to be assessed ahead of the trip to Leicester.
Alexandre Lacazette found the going tough in his absence on Wednesday, toiling away as a lone striker against three centre-backs.
However, the Frenchman impressed more than some of his team-mates with Mesut Ozil one of those in real danger of dropping to the bench again.
The German was ineffective against Wolves and will be lucky to retain his starting berth with both Alex Iwobi and Henrikh Mkhitaryan also in contention.
Granit Xhaka and Lucas Torreira should continue in midfield despite the defeat to Wolves while Sead Kolasinac is expected to return.
Emery opted for a back four last time out but may revert to wing-back system, meaning Kolasinac will line up on the left flank while Nacho Monreal is deployed in a central three.
Sokratis was one of Arsenal’s few good performers at Wolves and will start alongside Laurent Koscielny, meaning Shkodran Mustafi will remain on the bench.
Meanwhile, Ainsley Maitland-Niles should line up at right wing-back while Bernd Leno will retain his spot between the posts.
Hector Bellerin, Rob Holding and Danny Welbeck are all long-term absentees while Aaron Ramsey is out with a hamstring injury and Denis Suarez is also sidelined.
Arsenal predicted starting XI vs Leicester: Leno; Sokratis, Koscielny, Monreal; Maitland-Niles, Xhaka, Torreira, Kolasinac; Mkhitaryan; Lacazette, Aubameyang