The honour, the highest the Council can bestow, would recognise the club’s incredible success in recent years and its connection to Charnwood.
The 2016 Premier League champions train in the borough and title-winning Leicester City Women FC are also based locally, playing home matches in Quorn.
The proposal will be considered by Charnwood Borough Councillors on June 21 and if approved, an extraordinary meeting of the Council will be held in September.
Freedom of the Borough is the highest honour which will only be awarded in exceptional circumstances where the prospective recipient is an individual or organisation of distinction that has rendered eminent services to the borough.
They will have demonstrated outstanding achievements in the borough and/or on the international stage which have brought pride and satisfaction to the borough.
Council leader Jonathan Morgan said: “Charnwood has a strong connection to Leicester City Football Club thanks to the training ground and it is also home to the women’s team. We feel their success in recent years should be recognised.
“We are proud to have the club in our borough and we are proud of their achievements.
“We hope awarding them Freedom of the Borough will be another title that they can add to their growing roll of honour.”
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