Everton and Leicester City want to sign Manchester City central defender Martin Demichelis in the summer.

Demichelis is out of contract at City at the end of the season and will leave the Etihad but could stay in the Premier League despite being linked with a move to La Liga.

Sportsmail has been told that the defender's representatives in Argentina have received interest from Everton and Leicester.

Manchester City defender Martin Demichelis (second from right) is set to leave the club on a free transfer

Everton and Leicester are both keen on signing Demichelis, pictured sitting alongside Willy Caballero

MARTIN DEMICHELIS THIS SEASON Appearances: 18 Goals: 0 Tackles won: 15 Headers won: 34 Pass accuracy: 85 per cent *Premier League stats only Advertisement

The 35-year-old hasn't played for City since the 1-0 defeat to Manchester United last month and it is understood that he isn't in the plans of Pep Guardiola, who will take over from manager Manuel Pellegrini in the summer.

But both Roberto Martinez and Claudio Ranieri want to revive his career in England.

Martinez, who is under increasing pressure at Goodison Park, wants more experience in defence and feels Demichelis would provide that.

The Everton boss feels that Ramiro Funes Mori, who was sent off in the 4-0 defeat by Liverpool on Wednesday, would benefit from the guidance that his older Argentina team-mate could offer.

Ranieri is looking to bolster his side in preparation for Leicester's first appearance in the Champions League next season.

The Foxes have maintained their challenge for the Premier League title throughout this season but want more options to choose from next year.

Roberto Martinez (left) and Claudio Ranieri are both keen to sign Demichelis when his contract expires

Demichelis tussles with Crystal Palace striker Connor Wickham during a Premier League clash in January

The two clubs face a battle to obtain his signature though with Valencia also wanting to take him on board.

Demichelis started his career at River Plate and has spoken before of his desire to move back to South America.