The ‘Reds’ even went ahead on the scoreboard thanks to the Egyptian Mohamed Salah in the 67th minute, but in the final stretch the locals turned the game around in a spectacular way, with goals from James Maddison (80), Jamie Vardy ( 82) and Harvey Barnes (85).
After the defeat at the King Power Stadium, Liverpool (4th) are left with 40 points and could leave the Champions League area, reserved in England for the first four classified.
Chelsea (5th) and West Ham (6th) have just one point less and will play their matches on Monday, at home against Newcastle (16th) and bottom Sheffield United (20th), respectively.
For their part, Leicester is provisionally second in the standings, with 46 points, four behind leaders Manchester City, which hosts Tottenham (8th) this Saturday.
On Sunday Manchester United, now third one point behind Leicester, can regain second place on their visit to West Bromwich (19th).
Liverpool’s setback this Saturday against one of their direct rivals at the top of the table adds to the losses in the team’s two previous league games, at home to Brighton (1-0) and Manchester City (4-1) .
Liverpool have therefore lost in the three games they have played so far in February, a very worrying figure before an important week, on Tuesday they play against German RB Leipzig in the first leg of the League round of 16 of Champions. The party was relocated to Budapest due to the entry restrictions that are in force in Germany in the face of the covid-19 pandemic.
Following that move to Hungary, Liverpool host their neighbor Everton in a tension-filled derby at Anfield next weekend.