Schmeichel, 32, joined the Football Club in 2011 under Sven-Göran Eriksson and has since lifted the Championship and Premier League titles at King Power Stadium.
Since Leicester's promotion in 2014, the Denmark international has also represented the Club in the UEFA Champions League and starred for his country at the FIFA World Cup.
Ahead of the Foxes' sixth successive season in the Premier League, we look at the numbers which defined Schmeichel's impact throughout the recent 2018/19 campaign.
City’s ever-present
Minutes played: 3,420
Premier League ranking: =1
All-time LCFC Premier League minutes played: 14,633
For just the second time since 2014, Schmeichel played every single minute of a Premier League season for the Foxes last term.
The Copenhagen-born shot-stopper did not miss a minute, from the first whistle at Old Trafford in August to the last at City's season finale against Chelsea.
With 38 appearances for the Club, a statistic matched by 29 others in the top-flight, Schmeichel is joined by just Wilfred Ndidi in achieving that feat for Leicester.
The only other time Schmeichel played all 38 matches for the Foxes in the league was during the 2015/16 season, when Claudio Ranieri's men won the Premier League tile.
No entry
Cleansheets earned: 10
Premier League ranking: =7
All-time LCFC Premier League cleansheets: 47
Of those 38 appearances during 2018/19, Schmeichel kept a total of 10 cleansheets in goal for Leicester, his second-best tally in the Premier League.
They came against Wolverhampton Wanderers, Newcastle United, Cardiff City, Burnley, Watford, Chelsea (twice), Everton, AFC Bournemouth and Arsenal.
That figure places Schmeichel in seventh-place in the Premier League's overall charts, level with Cardiff's Neil Etheridge, while his five-season LCFC top-flight figure is 47.
Including his four cleansheets in eight matches as a youngster at Manchester City, his career tally rises to 51, placing him 16th in the Premier League's all-time charts.
Mr. Reliable
Saves made: 90
Premier League ranking: 12
All-time LCFC Premier League saves: 475
In a sign of Leicester's increased defensive solidity, Schmeichel was called upon to make his second-fewest amount of saves during a domestic season last term - 90.
While the Dane was only needed to make 80 stops during the 2014/15 campaign, under the management of Nigel Pearson, he did so in far few appearances, 24, due to injury.
His highest total, meanwhile, was the 113 saves he carried out during the 2016/17 season, following City's Premier League title-winning success of the year beforehand.
Twelfth in the overall 2018/19 chart, Schmeichel ended four behind Jordan Pickford (Everton), two above Jonas Lössl (Huddersfield Town) and eight above Kepa Arrizabalaga (Chelsea).
An increased role
Passes made: 1,118
Premier League (goalkeeper) ranking: =3
All-time LCFC Premier League passes: 4,890
As the job description of goalkeepers continues to change, leading to them playing an increased role in the team's overall possessional play, so has that of Schmeichel at Leicester.
The former Leeds United 'keeper completed 1,118 passes for the Foxes last season, roughly a quarter of his overall LCFC/Premier League tally across the past five campaigns in the top tier.
While Schmeichel's close-control has been on display during the latter weeks of the season, his long-range passing also played a role in Jamie Vardy's goal against Arsenal in April.
The 32-year-old sent a long ball forwards for Vardy to convert, following a missed attempt off the crossbar, in a 3-0 win. The 1,118 figure, meanwhile, is the third-highest in the league.