According to BBC
The 31-year-old was targeted by Leicester manager Nigel Pearson, as his side have been struggling for goals this season in the Premier League. The Foxes have been desperate for attacking reinforcements, and Maloney is one of many players expected to be coming through the doors this month.
His contract was due to expire in the summer, so the Latics have looked to cash in on him now, as the Scotland international was keen for another chance in the English top flight to prove his quality. He will be hoping he can make the match day squad for their weekend clash against Stoke City.
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