According to Sky
Schwarzer, 42, is expected to join from Chelsea on a short-term loan, while Defoe, 32, could be signed on a permanent switch. Leicester have been struggling since their promotion from the Championship, and manager Nigel Pearson is looking to bolster his attacking options to ensure they can turn their season around.
Currently at the foot of the Premier League table, the Foxes are four points adrift of safety after 20 games, and will look at the transfer market as a way of betting their chances of survival. They are expected to confirm the double signing next week, but fellow newly-promoted outfit Queens Park Rangers are also in bid for Defoe.
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