The newly promoted team has struggled with a winless streak in the league, currently sitting 16th in the standings with just 10 points from 12 matches.
Cooper took charge of the Foxes on a three-year contract, replacing former manager Enzo Maresca just five months ago.
His final match in charge ended in a 2-1 home loss to Maresca’s Chelsea on Saturday.
Cooper becomes the second Premier League manager to be dismissed this season, following Manchester United’s decision to part ways with Erik ten Hag last month.
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