For what it's worth, according to Leicester fan forum, "Clubcall are saying that Hammond will be off on loan to Sheffield United, "before the end of the week". (posted yesterday afternoon).
Also, from same site, some comments on Hammond:
"Good. He's got no future with us and it's not nice to see a decent players wasting away like this."
"Hammond is a good pro and a very good and steady player. He's never been spectacular just a good steady player who does the simple things well."
"No complaints, did what he could, served the club well. Thanks
"
"He has to go.We have four players ahead of him and Matty James back in light training.He'll do well to get on the bench at some point this season let alone any game time. It's best for all concerned."
"Whereever he goes, he'll give his all as he seems to have that type of personality and won't feel resentful against us."
"Heard he was going Sheffield United about a month ago but must be happening now, decent player and always got stuck in...."
"Still got another 2/3 years left in him; but he lacks pace, and hence Kante and King are more suited to this league."