The news hasn't gone down too well with supporters who will see the 26-year-old as a significant downgrade on their current talisman Riyad Mahrez. The Algerian looks certain to be heading for the exit door this summer with a move to Manchester City on the cards and Townsend would almost certainly act as his immediate replacement on the right flank.
Townsend enjoyed a reasonable season with the Eagles but he didn't set the league alight by any stretch of the imagination. He scored twice and provided seven assists as Roy Hodgson's men staved off relegation to finish comfortably in mid-table.
According to the Guardian, Leicester have joined in the hunt for the English international, providing strong competition for Newcastle who are also looking to acquire Townsend's signature for a reported £20m.
Leicester fans took to Twitter to vent their frustrations at the potential signing:
Newcastle can have him— Shane O'Sullivan (@Irishfox16) June 16, 2018
No fanks. Go for Loftus-Cheek instead— tom coles (@tclcfc) June 16, 2018
No Taa— FoX_sAkE_1884🏴 (@Lima_Delta_89) June 16, 2018
Thanks but no thanks!!— steven wood (@postwood) June 16, 2018
Please no 😥— barry haytree (@barryhaytree) June 16, 2018
Would be one of the worst signings we EVER made. He was rubbish at Palace— Simon Lester (@Simonlester1971) June 17, 2018
Townsend does have international pedigree having played 13 times for the senior England side and would be a safe signing. However, he will not provide the same sort of attacking threat that Mahrez does and scoring on a consistent basis has been an issue for him throughout his career. The most goals he has ever scored in a Premier League season is four during the 2015/16 campaign.
Leicester fans have a right to be frustrated and they will be keen for their side to be a little more ambitious this summer if they are to make a return to Europe.