Pearson was surprisingly sacked by the Foxes in June after a largely successful three-and-a-half spell in the Midlands where he helped the club win the Championship title in 2014 before guiding them to safety in their first campaign back in the top flight since 2004.
City’s survival last season was made even more impressive as they won eight of their last 10 league games to move off the bottom of the table and eventually finish 14th in the final standings, their highest league finish since 2001.
This appeared to be a strong platform for the club to build on going into the new campaign, but with the 51-year-old now having left the club it seems the Blue Army are back to square one.
Hope is not completely lost for Foxes supporters though as they have brought in a coach whose managerial career spans across nearly three decades and has seen him take control of club sides in Italy, Spain, England and France as well as take charge of the Greek national team.
The Italian’s last spell in the Premier League was with Chelsea over a decade ago and he was the man in charge at Stamford Bridge when Roman Abramovich took over the club in 2003.
During his one season working under the Russian Ranieri guided the Blues to their highest league finish in 49 years and also helped the club reach the Champions League semi-finals before being sacked at the end of the 2003-2004 campaign.
Since then the 63-year-old has continued to manage at the highest level across Europe, but with the English game having changed so much in recent times it seems difficult to see how the experienced coach will cope with life at the King Power Stadium.
The boss, who is nicknamed the ‘Tinkerman’, has already received a blow ahead of the start of the new campaign following the news that experienced midfielder Esteban Cambiasso will not be signing a new deal at the club.
The Argentine had been influential in the Foxes resurrection last term and will be a tough act to follow for whoever the new boss brings in with many experts predicting another season of struggle for the Midlands outfit.
Such struggles would also pose a new problem for Ranieri who, despite his vast experience, has usually managed teams challenging for honours rather than scrapping for survival at the wrong end of the division.
The former defender has managed big clubs such as Valencia, Juventus, Inter Milan and Monaco, but it will be interesting to see if he has the skill-set to motivate his players for a crucial relegation six-pointer against a fellow struggling side during a wet and windy afternoon in January.
Of course Foxes supporters will be hoping the team are not concerned with relegation dogfights during the campaign and if they are to surprise many and enjoy a season of success then it seems imperative that they make a fast start.
Leicester have been handed a reasonable beginning to the campaign with home matches against Sunderland, Tottenham and Aston Villa as well as away trips to West Ham and Bournemouth in their opening five league matches of the season.
If Ranieri can inspire his side to a positive start in those opening matches then it may well build confidence amongst the club and supporters alike and give the Italian time to really shape his squad and enjoy success at the King Power Stadium.
However, if the Foxes fail to inspire confidence in the opening few weeks of the season then it could become a campaign of toil for Ranieri, who may well feel he still has something to prove in the English game.