It isn't really that deluded though. They finished 8th last season. Sure, Maddison would be a big loss, but they might just hold on to him. Also 50m is a nice chunk of money.
Eighth last season with Fofana missing most of the year, and multiple other key injuries. 5th each of the preceding two seasons. And as of this moment, for all of the talk about Leicester selling players left and right, they haven't sold anyone of note in two years. They have ever reason to believe that they should be aiming for top 6.