The bid believed to be around 2million, plus a player in exchange has been tabled, but Leicester have rejected the offer.
Hull boss Steve Bruce is clearly determined to bring in a new keeper and has been linked with a whole host of names including free-agent Mark Schwarzer, but Schmeichel is clearly the man he wants.
It now remains to be seen if Bruce will make a fourth bid for the 26-year-old Danish international.
Schmeichel has been with Leicester since 2011 and has one-year left on his current deal.
Via: Transfer News: Leicester shun third Hull bid for Kasper Schmeichel
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