If Choudhury moves in January it will be for his value, not "a reduced rate below his value". The reason there have been PL bids is clearly because the asking price has been reduced to something more realistic.
The reason there have been bids is because Leicester had been willing to listen to offers, because he's about 6th or 7th choice in their midfield.
Because of the injury to Praet, unless anybody stumps up some decent money to put towards the Edouard deal, he's going nowhere.
It's unfortunate, as he would all some real bite to this midfield that doesn't have much at all.