According to the Daily Mail, the Foxes have relieved Shakespeare of his duties following a disastrous start to the season.
Leicester sit third bottom and have recorded just one win in the league from their opening eight matches.
The 53-year-old was only named permanent manager of the Foxes in June but has been given his marching orders.
His last game in charge saw them record a 1-1 draw against West Brom last night.
Leicester fell behind to Nacer Chablis’ free-kick and had to rely on Riyad Mahrez to snatch them a point in the final moments of the game.
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