Ulloa, who featured in their run to the title last season, has started only one league game this term and took to Twitter on Monday to accuse manager Claudio Ranieri of betraying him, claiming he would never play for the club again.
With hardly any time to find a replacement, Leicester reportedly rejected three bids from relegation rivals Sunderland for Ulloa on Tuesday's transfer deadline day.
Leicester, who are two points above the relegation zone, host sixth-placed Manchester United on Sunday.
(Reporting by Shravanth Vijayakumar in Bengaluru; Editing by Ken Ferris)
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