Premier League club Leicester launched an internal investigation on Sunday amid reports three players were filmed in an orgy with a Thai woman who was racially abused.
The players allegedly filmed Thai women engaged in explicit sex acts in a hotel room, where one of the stars appears to call a woman "slit eye" in a race slur.
The video, obtained by the Sunday Mirror, allegedly shows defender James Pearson, 22, the son of the club's manager Nigel, naked in a hotel room.
It is alleged he is joined by striker Tom Hopper, 21, and goalkeeper Adam Smith, 22, who appear to be shown lying naked in a bed laughing as the video is filmed.
The club is owned by Thai billionaires and the shocking video was reportedly filmed while players were touring the country celebrating staying up in football's top flight.
A Leicester spokesman said: "We take the conduct of our players at every level extremely seriously and will take appropriate action, if necessary, once the full facts of the situation have been established.
"Pending the outcome of an internal investigation, the club will make no further comment."
