I'd be surprised if there was any sell-on fee negotiated for a 28 year-old signing a 4 year contract. Normally, that's for promising kids, not players leaving aged 30 plus.
I think Ranieri would probably want to hold onto Ulloa this season. Having culled Nugent, Chris Wood and Taylor-Fletcher he now has 4 decent strikers in Vardy, Okazaki, Kramaric and Ulloa.
The player is on a 4-year contract, so 3 seasons still to go. It's difficult to conceive he'll get a...