Leicester City goalkeeper has completed a medical after agreeing a three-year deal with OGC Nice.
Nice will pay Leicester City £1million plus bonuses for the 35-year-old.
The goalkeeper leaves the foxes after 11 years. The Danish international, made 479 appearances for the Foxes after signing from Leeds, winning the Premier League, FA Cup and Community Shield.
Schmeichel was also part of the side that won the Championship in 2013-14.He follows Aaron Ramsey to Nice after the Welshman, 31, also joined the French club following the termination of his contract at Juventus.Schmeichel, capped 84 times by Denmark, had been given permission to leave Leicester.Leicester chairman Aiyawatt Srivaddhanaprabha said: “Throughout his time with us and particularly as a captain and vice-captain, Kasper has always been a player willing to stand up and take responsibility, leading the team with distinction.