Ranieri won the Premier League with Leicester last season.
Ranieri won the Premier League last season with Leicester.
Hodgson left his post as England manager last June.
The Italian was sacked 292 days after winning the Premier League.
Guus Hiddink has a reputation as a caretaker following two interim spells at Chelsea.
Ranieri departs Leicester City 298 days after winning the Premier League.
Leicester was beaten 2-1 by Sevilla in the Champions League.
The Premier League champion is in trouble.
Leicester had its greatest triumph less than a year ago.
Earlier this year, Leicester City pulled off the biggest sporting upset of the century.
Leicester could clinch a place in the knockout rounds with a win against FC Copenhagen.
The pair exchanged verbal jabs while they were managing together in Italy.
Ranieri is looking to strengthen his squad.
The club has already made two major signings this summer.
Musa has a fine goal-scoring record for CSKA Moscow.
The genial manager has finished as a league runner-up four times in his career.