On 6 January 2015, Schwarzer moved to Premier League side Leicester City on a free transfer as cover for the injured Kasper Schmeichel, after signing an 18-month deal. Chelsea manager José Mourinho praised Schwarzer's contribution to his former club, and stated that Chelsea would miss him. Schwarzer made his competitive debut for Leicester on 24 January in a 2–1 away win over Tottenham Hotspur in the fourth round of the season's FA Cup, becoming Leicester's oldest ever player in doing so. He made his Premier League debut for Leicester one week later in a 3–1 loss to Manchester United at Old Trafford. Schwarzer made eight appearances in his first season at the King Power Stadium, of which six were in their successful campaign to avoid relegation from the Premier League.