So a thoroughly entertaining afternoon at the King Power Stadium - particularly if you're an Arsenal supporter.
You can get all the reaction from this game and rest of the Premier League on our main live text commentary here.
Thanks for tuning in.
FULL-TIME
Leicester 2-5 Arsenal
GOAL - Olivier Giroud
Leicester 2-5 Arsenal
It's raining goals at the King Power and substitute Olivier Giroud adds a fifth for the Gunners when he sweeps the ball.
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GOAL - Jamie Vardy
Leicester 2-4 Arsenal
Jamie Vardy with another superb finish as he curls in. However, it's only likely to be a consolation for the home side.
GOAL - Alexis Sanchez
Leicester 1-4 Arsenal
That's a hat-trick for Alexis Sanchez and he gets it with the pick of his three goals.
Leicester's defence back off and Sanchez strikes a powerful low effort into the corner of the net.
That should be curtains for Leicester - even the Premier League's comeback kings can't rescue it from it here.
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SUBSTITUTION
Leicester 1-3 Arsenal
With this game in danger of petering out with 12 minutes left, Claudio Ranieri has one last throw of the dice and throws on Croatia striker Andrej Kramaric.
Danny Drinkwater is the man to make way.
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YELLOW CARD
Leicester 1-3 Arsenal
Mikel Arteta gets his name on the book for a hand ball in the centre circle.
Leicester struggling to penetrate Arsenal's defence. Its going to take a bit of magic to get themselves back in the game.
Post update
Leicester 1-3 Arsenal
If anything Arsenal look the most likely to score another goal here. On the counter attack Mesut Ozil finds a shooting chance on the corner of the box, but Ritchie De Laet makes a sliding block to deny him.
GOAL - Alexis Sanchez
Leicester 1-3 Arsenal
What was I saying earlier about Alexis Sanchez fancying his chances of a second goal here? Well he's got it.
Mesut Ozil lifts a high ball to the back post where Sanchez is on hand to beat Kasper Schmeichel to the ball and head in a second goal.
Leicester have come back twice from two-goal deficits in their past couple of Premier League games. Surely they can't make it a hat-trick can they?
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Post update
Leicester 1-2 Arsenal
A daisy cutter from Jeffrey Schlupp is easily gathered by Petr Cech as Leicester make a rare foray into Arsenal's half.
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CLOSE!
Leicester 1-2 Arsenal
A clever Arsenal passing move opens up the Leicester defence and Alexis Sanchez finds himself with a shooting opportunity in the six-yard box. However, Leicester defender Robert Huth gets his sizable frame in the way to make a crucial block and Ritchie De Laet hooks the ball clear.
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SUBSTITUTION
Leicester 1-2 Arsenal
Claudio Ranieri has made a change at half-time and withdrawn Shinji Okazaki and brought on Andy King.
Post update
Leicester 1-2 Arsenal
Steve Bower
BBC football commentator
"Jamie Vardy's hot streak continues but Theo Walcott and Alexis Sanchez, with his first Premier League goal of the season, have given Arsenal the edge at the break."
HALF-TIME
Leicester 1-2 Arsenal
Phew. Go and grab a half-time cuppa. That was a breathless first half at the King Power Stadium.
Post update
Leicester 1-2 Arsenal
Marc Albrighton teases a dangerous free-kick into the box but Wes Morgan is unable to get the decisive touch and the ball drifts out for a goal-kick.
Two added minutes at the end of this half.
CLOSE!
Leicester 1-2 Arsenal
Santi Cazorla's angled shot flashes just past the post. The Gunners are trying to take command of this game now.
'Livewire' Sanchez loves to play
Leicester 1-2 Arsenal
Martin Keown
Former Arsenal defender on Final Score
"Alexis Sanchez is just a livewire, you're going to have to play him every week because he loves it. There was a bit of panic in the Leicester defence, it will be interesting to see now if Arsenal can slow the game."
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GOAL - Alexis Sanchez
Leicester 1-2 Arsenal
Leicester's defence are caught on the back foot and Arsenal have cut them open like a knife through butter.
Hector Bellerin's cross from the right loops up off a Leicester defender and falls to Alexis Sanchez at the back post and he is left with the simple task of steering the ball into the vacant net.
That was Sanchez's first goal of the season. You sense it might not be his last in this game if it continues to stay so open.
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1-2-3-4... goal
Leicester 1-1 Arsenal
Another counter attack, another goal at the King Power Stadium. Again, this graphic does not really show how quickly Arsenal broke forward to equalise, or the quality of Theo Walcott's finish, but the biggest difference between the Gunners' goal and Leicester's opener is that the visitors took four passes to get the ball up the field and in the net, not three.
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Post update
Leicester 1-1 Arsenal
After a frantic start the action has slowed up a bit as both teams catch their breath.
Arsenal's equaliser means no clean sheet for Leicester yet this season.
You may remember that Ranieri offered to buy his players pizza if they managed not to concede a goal. Perhaps Claudio needs to try a different culinary offering for that shut out?
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Arsenal 'happy to tango' at Leicester
Leicester 1-1 Arsenal
Martin Keown
Former Arsenal defender on Final Score
"You feel for the linesman, the game is going from one end to the other at breakneck speed, it's end to end stuff - Leicester have just hit the bar, then Arsenal go and score at the other end.
"Arsenal seem happy to tango with them, it's too open."
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SUBSTITUTION
Leicester 1-1 Arsenal
An early change for the Gunners here. Mikel Arteta replaces Mathieu Flamini, who looks to have picked up some kind of knock in the centre of midfield.
Foxes are so fast breaking forward
Leicester 1-1 Arsenal
We already know how good Leicester are on the break, but this graphic does not do justice to the sheer speed of the counter attack that led to Jamie Vardy's goal against Arsenal.
However, you do get an idea of how much work Vardy still had to do on his own after getting on the end of Danny Drinkwater's precison long pass, and the angle he found the net from.
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Vardy just runs non-stop
Leicester 1-1 Arsenal
Jermaine Jenas
Former England midfielder on Final Score
"It's such a difficult place to play at Leicester because of all that pace. Jamie Vardy just runs the channels non-stop and that's what's happened there and Danny Drinkwater's picked him out."
GOAL - Theo Walcott
Leicester 1-1 Arsenal
What a start to this game. Jamie Vardy hits the crossbar with a header, but from the counter attack Arsenal profit to get themselves back on level terms.
Theo Walcott escapes the Leicester defence and with a cool finish slides the ball past Kasper Schmeichel and into the net.
Counter attack has been king so far in this contest.
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GOAL - Jamie Vardy
Leicester 1-0 Arsenal
Arsenal are punished on the counter attack and that's five goals in the Premier League for Jamie Vardy - matching his entire tally for last season.
The Leicester forward races down the left flank after receiving the ball from Danny Drinkwater. He cuts inside and rather than setting up strike partner Shinji Okazaki, he goes it alone.
Vardy's finish from a tight angle is top class, though, and he bends it around Arsenal goalkeeper Petr Cech and into the net.
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HITS THE WOODWORK
Leicester 0-0 Arsenal
Jamie Vardy is a man in form and he has the first clear chance of the game with a scuffed shot from just inside the box.
The Leicester man's effort takes a deflection off Per Mertesacker's calf and strikes the base of the post.
Post update
Leicester 0-0 Arsenal
Arsenal starting to find some rhythm and go close with Santi Cazorla's shot from just outside the box which is cleared off the line by Ritchie De Laet.
Leicester have come back from 2-0 deficits in their last two games - Ranieri will be keen for his defence to keep chances to a premium in the first half.
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Post update
Leicester 0-0 Arsenal
A bright start from Leicester as Danny Drinkwater bursts down the right flank and forces a corner, but Arsenal's defence easily deal with Marc Albrighton's delivery from the resulting flag kick.
KICK-OFF
Leicester 0-0 Arsenal
Leicester, in their familiar all blue kit, kick-off against Arsenal, in their changed gold away strip, and we're under way in the sunshine at the King Power Stadium.
Mahrez v Sanchez
Leicester v Arsenal (15:00 BST)
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Team sheet
Leicester v Arsenal (15:00)
'Pearson got Leicester going'
BBC Radio 5 Live
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They were discussing Leicester boss Claudio Ranieri last night and their frequent comebacks this season on BBC Radio 5 live.
Chris Sutton: "It shows the spirit they have. They have a real goal threat. But it’s eventually going to bite them and cost them. I feel sorry for Nigel Pearson, he got it all going."
Trevor Sinclair: "He’s more gentle than Pearson, that’s obvious. He’s charismatic, he knows what hes doing – he's galvanised the players. He'll hope they don’t keep giving themselves a mountain to climb. He's done a great job."
'Wenger jealous of Mourinho'
Chris Sutton
Former Blackburn striker on BBC Radio 5 live
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"Arsene Wenger is jealous of Jose Mourinho – why wouldn’t he be? Look what Mourinho has won.
"Arsene needs to take more responsibility for the actions of his players. Diego Costa's retrospective ban was right but how has Gabriel's red card been rescinded? I don’t know.
"Arsenal don’t have leadership on the pitch."
Team news
Leicester v Arsenal (15:00 BST)
Arsenal manager Arsene Wenger makes two changes from the side which lost 2-0 to Chelsea in their last Premier League game.
Mathieu Flamini, who scored twice in Arsenal's 2-1 League Cup win over Tottenham on Wednesday, comes into midfield for the injured Francis Coquelin while Per Mertesacker replaces the suspended Gabriel at the heart of the Gunners' defence.
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Team news
Leicester v Arsenal (15:00 BST)
Leicester boss Claudio Ranieri's only change from the side which drew 2-2 with Stoke in the league last weekend is in midfield as Mark Albrighton comes in for Gokhan Inler, who drops to the bench.
Striker Joe Dodoo is rewarded for his goal in the Foxes' 2-1 win over West Ham in the League Cup during the week with a place on the bench.
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'Arsenal dressing room easy to handle'
Trevor Sinclair
Former England winger on BBC Radio 5 live
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"Liverpool would snatch your hands off for what Arsenal have done in recent years. They want to win more trophies but it’s not the end of the world, what Arsene Wenger has done at the club.
"He has a degree in economics and he spends the club’s money like it’s his own.
"I don't think them not signing a big-name outfield player was for a lack of trying this summer.
"They have a lot of really nice boys in the team. It must be an easy dressing room to handle. In the mid-90s their players would come out and be vocal and Wenger probably didn't like that.
"I wouldn’t say he’s signed 'yes men', but men who are easier to handle."
Predict the result
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Do you read Mark Lawrenson's predictions every week and think you could do better? Here's your chance.
Leicester have enjoyed a superb start to the season and are among the Premier League's early pacesetters.
A total of 12 points from six games is an impressive return for new manager Claudio Ranieri, especially given there were a few eyebrows raised when he was appointed.
The Foxes are the league's only unbeaten team, but the fixture computer gave them a relatively easy start to the season . Arsenal should represent a much sterner test of whether Ranieri's men really are serious contenders for a European place, or whether they will fade quicker than our summer sun tans.
Post update
Welcome to our live page for Leicester City v Arsenal. We'll have text commentary here from 14:30 BST, plus you can follow Final Score via the live coverage tab. You can keep up to date with all the build-up to today's games here.
Live Reporting
Timothy Abraham
All times stated are UK
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Latest PostGOODBYE
So a thoroughly entertaining afternoon at the King Power Stadium - particularly if you're an Arsenal supporter.
You can get all the reaction from this game and rest of the Premier League on our main live text commentary here.
Thanks for tuning in.
FULL-TIME
Leicester 2-5 Arsenal
GOAL - Olivier Giroud
Leicester 2-5 Arsenal
It's raining goals at the King Power and substitute Olivier Giroud adds a fifth for the Gunners when he sweeps the ball.
GOAL - Jamie Vardy
Leicester 2-4 Arsenal
Jamie Vardy with another superb finish as he curls in. However, it's only likely to be a consolation for the home side.
GOAL - Alexis Sanchez
Leicester 1-4 Arsenal
That's a hat-trick for Alexis Sanchez and he gets it with the pick of his three goals.
Leicester's defence back off and Sanchez strikes a powerful low effort into the corner of the net.
That should be curtains for Leicester - even the Premier League's comeback kings can't rescue it from it here.
SUBSTITUTION
Leicester 1-3 Arsenal
With this game in danger of petering out with 12 minutes left, Claudio Ranieri has one last throw of the dice and throws on Croatia striker Andrej Kramaric.
Danny Drinkwater is the man to make way.
YELLOW CARD
Leicester 1-3 Arsenal
Mikel Arteta gets his name on the book for a hand ball in the centre circle.
Leicester struggling to penetrate Arsenal's defence. Its going to take a bit of magic to get themselves back in the game.
Post update
Leicester 1-3 Arsenal
If anything Arsenal look the most likely to score another goal here. On the counter attack Mesut Ozil finds a shooting chance on the corner of the box, but Ritchie De Laet makes a sliding block to deny him.
GOAL - Alexis Sanchez
Leicester 1-3 Arsenal
What was I saying earlier about Alexis Sanchez fancying his chances of a second goal here? Well he's got it.
Mesut Ozil lifts a high ball to the back post where Sanchez is on hand to beat Kasper Schmeichel to the ball and head in a second goal.
Leicester have come back twice from two-goal deficits in their past couple of Premier League games. Surely they can't make it a hat-trick can they?
Post update
Leicester 1-2 Arsenal
A daisy cutter from Jeffrey Schlupp is easily gathered by Petr Cech as Leicester make a rare foray into Arsenal's half.
CLOSE!
Leicester 1-2 Arsenal
A clever Arsenal passing move opens up the Leicester defence and Alexis Sanchez finds himself with a shooting opportunity in the six-yard box. However, Leicester defender Robert Huth gets his sizable frame in the way to make a crucial block and Ritchie De Laet hooks the ball clear.
SUBSTITUTION
Leicester 1-2 Arsenal
Claudio Ranieri has made a change at half-time and withdrawn Shinji Okazaki and brought on Andy King.
Post update
Leicester 1-2 Arsenal
Steve Bower
BBC football commentator
"Jamie Vardy's hot streak continues but Theo Walcott and Alexis Sanchez, with his first Premier League goal of the season, have given Arsenal the edge at the break."
HALF-TIME
Leicester 1-2 Arsenal
Phew. Go and grab a half-time cuppa. That was a breathless first half at the King Power Stadium.
Post update
Leicester 1-2 Arsenal
Marc Albrighton teases a dangerous free-kick into the box but Wes Morgan is unable to get the decisive touch and the ball drifts out for a goal-kick.
Two added minutes at the end of this half.
CLOSE!
Leicester 1-2 Arsenal
Santi Cazorla's angled shot flashes just past the post. The Gunners are trying to take command of this game now.
'Livewire' Sanchez loves to play
Leicester 1-2 Arsenal
Martin Keown
Former Arsenal defender on Final Score
"Alexis Sanchez is just a livewire, you're going to have to play him every week because he loves it. There was a bit of panic in the Leicester defence, it will be interesting to see now if Arsenal can slow the game."
GOAL - Alexis Sanchez
Leicester 1-2 Arsenal
Leicester's defence are caught on the back foot and Arsenal have cut them open like a knife through butter.
Hector Bellerin's cross from the right loops up off a Leicester defender and falls to Alexis Sanchez at the back post and he is left with the simple task of steering the ball into the vacant net.
That was Sanchez's first goal of the season. You sense it might not be his last in this game if it continues to stay so open.
1-2-3-4... goal
Leicester 1-1 Arsenal
Another counter attack, another goal at the King Power Stadium. Again, this graphic does not really show how quickly Arsenal broke forward to equalise, or the quality of Theo Walcott's finish, but the biggest difference between the Gunners' goal and Leicester's opener is that the visitors took four passes to get the ball up the field and in the net, not three.
Post update
Leicester 1-1 Arsenal
After a frantic start the action has slowed up a bit as both teams catch their breath.
Arsenal's equaliser means no clean sheet for Leicester yet this season.
You may remember that Ranieri offered to buy his players pizza if they managed not to concede a goal. Perhaps Claudio needs to try a different culinary offering for that shut out?
Arsenal 'happy to tango' at Leicester
Leicester 1-1 Arsenal
Martin Keown
Former Arsenal defender on Final Score
"You feel for the linesman, the game is going from one end to the other at breakneck speed, it's end to end stuff - Leicester have just hit the bar, then Arsenal go and score at the other end.
"Arsenal seem happy to tango with them, it's too open."
SUBSTITUTION
Leicester 1-1 Arsenal
An early change for the Gunners here. Mikel Arteta replaces Mathieu Flamini, who looks to have picked up some kind of knock in the centre of midfield.
Foxes are so fast breaking forward
Leicester 1-1 Arsenal
We already know how good Leicester are on the break, but this graphic does not do justice to the sheer speed of the counter attack that led to Jamie Vardy's goal against Arsenal.
However, you do get an idea of how much work Vardy still had to do on his own after getting on the end of Danny Drinkwater's precison long pass, and the angle he found the net from.
Vardy just runs non-stop
Leicester 1-1 Arsenal
Jermaine Jenas
Former England midfielder on Final Score
"It's such a difficult place to play at Leicester because of all that pace. Jamie Vardy just runs the channels non-stop and that's what's happened there and Danny Drinkwater's picked him out."
GOAL - Theo Walcott
Leicester 1-1 Arsenal
What a start to this game. Jamie Vardy hits the crossbar with a header, but from the counter attack Arsenal profit to get themselves back on level terms.
Theo Walcott escapes the Leicester defence and with a cool finish slides the ball past Kasper Schmeichel and into the net.
Counter attack has been king so far in this contest.
GOAL - Jamie Vardy
Leicester 1-0 Arsenal
Arsenal are punished on the counter attack and that's five goals in the Premier League for Jamie Vardy - matching his entire tally for last season.
The Leicester forward races down the left flank after receiving the ball from Danny Drinkwater. He cuts inside and rather than setting up strike partner Shinji Okazaki, he goes it alone.
Vardy's finish from a tight angle is top class, though, and he bends it around Arsenal goalkeeper Petr Cech and into the net.
HITS THE WOODWORK
Leicester 0-0 Arsenal
Jamie Vardy is a man in form and he has the first clear chance of the game with a scuffed shot from just inside the box.
The Leicester man's effort takes a deflection off Per Mertesacker's calf and strikes the base of the post.
Post update
Leicester 0-0 Arsenal
Arsenal starting to find some rhythm and go close with Santi Cazorla's shot from just outside the box which is cleared off the line by Ritchie De Laet.
Leicester have come back from 2-0 deficits in their last two games - Ranieri will be keen for his defence to keep chances to a premium in the first half.
Post update
Leicester 0-0 Arsenal
A bright start from Leicester as Danny Drinkwater bursts down the right flank and forces a corner, but Arsenal's defence easily deal with Marc Albrighton's delivery from the resulting flag kick.
KICK-OFF
Leicester 0-0 Arsenal
Leicester, in their familiar all blue kit, kick-off against Arsenal, in their changed gold away strip, and we're under way in the sunshine at the King Power Stadium.
Mahrez v Sanchez
Leicester v Arsenal (15:00 BST)
Team sheet
Leicester v Arsenal (15:00)
'Pearson got Leicester going'
BBC Radio 5 Live
They were discussing Leicester boss Claudio Ranieri last night and their frequent comebacks this season on BBC Radio 5 live.
Chris Sutton: "It shows the spirit they have. They have a real goal threat. But it’s eventually going to bite them and cost them. I feel sorry for Nigel Pearson, he got it all going."
Trevor Sinclair: "He’s more gentle than Pearson, that’s obvious. He’s charismatic, he knows what hes doing – he's galvanised the players. He'll hope they don’t keep giving themselves a mountain to climb. He's done a great job."
'Wenger jealous of Mourinho'
Chris Sutton
Former Blackburn striker on BBC Radio 5 live
"Arsene Wenger is jealous of Jose Mourinho – why wouldn’t he be? Look what Mourinho has won.
"Arsene needs to take more responsibility for the actions of his players. Diego Costa's retrospective ban was right but how has Gabriel's red card been rescinded? I don’t know.
"Arsenal don’t have leadership on the pitch."
Team news
Leicester v Arsenal (15:00 BST)
Arsenal manager Arsene Wenger makes two changes from the side which lost 2-0 to Chelsea in their last Premier League game.
Mathieu Flamini, who scored twice in Arsenal's 2-1 League Cup win over Tottenham on Wednesday, comes into midfield for the injured Francis Coquelin while Per Mertesacker replaces the suspended Gabriel at the heart of the Gunners' defence.
Team news
Leicester v Arsenal (15:00 BST)
Leicester boss Claudio Ranieri's only change from the side which drew 2-2 with Stoke in the league last weekend is in midfield as Mark Albrighton comes in for Gokhan Inler, who drops to the bench.
Striker Joe Dodoo is rewarded for his goal in the Foxes' 2-1 win over West Ham in the League Cup during the week with a place on the bench.
'Arsenal dressing room easy to handle'
Trevor Sinclair
Former England winger on BBC Radio 5 live
"Liverpool would snatch your hands off for what Arsenal have done in recent years. They want to win more trophies but it’s not the end of the world, what Arsene Wenger has done at the club.
"He has a degree in economics and he spends the club’s money like it’s his own.
"I don't think them not signing a big-name outfield player was for a lack of trying this summer.
"They have a lot of really nice boys in the team. It must be an easy dressing room to handle. In the mid-90s their players would come out and be vocal and Wenger probably didn't like that.
"I wouldn’t say he’s signed 'yes men', but men who are easier to handle."
Predict the result
Do you read Mark Lawrenson's predictions every week and think you could do better? Here's your chance.
Play our Premier League Predictor game here.
Welcome...
Leicester v Arsenal (15:00 BST)
Leicester have enjoyed a superb start to the season and are among the Premier League's early pacesetters.
A total of 12 points from six games is an impressive return for new manager Claudio Ranieri, especially given there were a few eyebrows raised when he was appointed.
The Foxes are the league's only unbeaten team, but the fixture computer gave them a relatively easy start to the season . Arsenal should represent a much sterner test of whether Ranieri's men really are serious contenders for a European place, or whether they will fade quicker than our summer sun tans.
Post update
Welcome to our live page for Leicester City v Arsenal. We'll have text commentary here from 14:30 BST, plus you can follow Final Score via the live coverage tab. You can keep up to date with all the build-up to today's games here.