The two sides are only separated by goal difference and have enjoyed impressive upturns in recent weeks.
Leicester saw off Brentford last Sunday while Arsenal beat Aston Villa.
The Gunners claimed a 3-1 win in his fixture last season after goals from David Luiz, Alexandre Lacazette and Nicolas Pepe.
Both will be eager to keep their good form going on Saturday lunchtime and continue to move up the table.
Leicester v Arsenal: talkSPORT commentary
This Premier League clash will kick-off at 12:30pm on Saturday, October 30.
Reshmin Chowdhury will be your host and commentary will come from Clive Tyldesley and former England winger Trevor Sinclair.
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Leicester v Arsenal: Team news
Wilfred Ndidi remains sidelined with a hamstring issue while Marc Albrighton isn't ready to return yet.
James Justin and Wesley Fofana are long-term absentees.
Patson Daka is pushing for a start following his impressive form recently.
Arsenal have a host of issues to deal with.
Ben White, Kieran Tierney, Martin Odegaard and Pablo Mari are all doubtful and will need late tests.
Granit Xhaka remains out with his knee problem.
Leicester v Arsenal: Match facts
After a 22-game winless run against Arsenal in the Premier League between 1995 and 2018, Leicester have won four of their last seven against the Gunners in the competition (D1 L2).
Arsenal won twice away against Leicester last season - 2-0 in the League Cup and 3-1 in the Premier League. They've not won three consecutive away games against the Foxes in all competitions since September 1925.
Leicester have won their last two Premier League games, beating Manchester United and Brentford, and are looking for three consecutive league wins for the first time since winning their first three games in 2021 against Newcastle, Southampton and Chelsea.
Having lost consecutive away Premier League games at the start of February (vs Wolves & Aston Villa), Arsenal have since lost just two of their 11 league games on the road (W6 D3). However, Arsenal have won just one of their last 12 away Premier League matches on a Saturday that have kicked off before 1pm (D5 L6), beating Fulham 3-0 on MD1 last season.
Arsenal have scored just one goal in their four Premier League away games so far this season, with only Norwich (6) having fewer attempts on target on the road than the Gunners (9).
Leicester striker Jamie Vardy has scored more Premier League goals against Arsenal than he has vs any other side in the competition (11). In fact, only Wayne Rooney (12) has netted more against the Gunners in the competition than Vardy.
Four of Brendan Rodgers' five league wins against Arsenal have come on home soil, winning once with Swansea, once with Liverpool and three times with current club Leicester.
Despite playing just 84 Premier League minutes this season - all as a substitute - Patson Daka has been directly involved in two goals for Leicester (one goal, one assist), scoring in his only appearance at the King Power Stadium. The only two Foxes players to score in their first two home Premier League appearances for the club are Julian Joachim (1994 at Filbert Street) and Leonardo Ulloa (2014).
Two of the four players aged 21 or younger to create more than 10 chances in the Premier League are Arsenal duo Emile Smith Rowe (13) and Bukayo Saka (14), with Smith Rowe assisting in two of his last four Premier League appearances.
Arsenal's Pierre-Emerick Aubameyang has been involved in five goals in his last six Premier League appearances (4 goals, 1 assist). However, all of these have been in home games, with his last goal away from the Emirates coming at Newcastle in May.