Leicester City are tracking Norway international as a possible replacement for attacking midfielder Riyad Mahrez if he leaves in the summer, a source has told ESPN FC.
The Premier League leaders are bracing themselves for interest in Mahrez following his outstanding form this season, which has seen him notch 15 league goals and 11 assists.
The Algerian has been one of the campaign's star players, and his performances have seen him attract interest from Barcelona, Real Madrid and Arsenal.
The Foxes are drawing up a list of possible replacements including Molde forward Elyounoussi.
Elyounoussi hhas become a key player for Molde in the last 18 months, scoring 36 goals in 78 games since arriving from Sarpsborg in 2014.
The 21-year-old, who can play out wide or up front, has scored seven times in Europe this season, including strikes in both Molde's victories over Celtic in the Europa League.
Leicester have had a long-term interest in Elyounoussi and weighed up a move for the player before they eventually signed Mahrez from Le Havre in January 2014.