But Mandaric insists he would not be sold and the City owner has pledged to fund any January signings out of his own pocket if manager Nigel Pearson identifies a top transfer target.
"We are not selling any of our players who are contributing this season," Mandaric told the Leicester Mercury.
"Nigel will be the first to say he doesn't want to just accumulate players because he does have good players already. But if there is a real need and a player is available and then Nigel says he must really have that player, then there will be no problem. I would support him 100%. I would have to put my hands in my pocket but I already do that.
"He wouldn't come to me and say he had to have a certain player just for the sake of it. I know that if he asked it would be because he genuinely needed that player. Then I would be there."