The January window has saw the Swiss international captain linked with numerous clubs in the Bundesliga, namely Schalke and Werder Bremen.
Die Roten’s interest in Inler was genuine. Inler, 31, is desperate to get first team action as he hopes to lead his side out at a major event.
Switzerland will play Albania in their first game of Euro 2016 on June 11th.
However, the 31-year-old has struggled to state his claim to be in Claudio Ranieri’s first 11 since signing. In his opening few months as a Leicester player, he has played 10 times in all competitions, half of those in the Premier League.
If a deal was to be accepted from representatives of the clubs, Hamburg would had to pay €3 million in order to loan the central midfielder to the Imtech Arena.