During the 1971–72 English football season, Leicester City F.C.

competed in the Football League First Division.

Unusually, due to Division One champions Arsenal's commitments in European competition, Division Two winners Leicester were invited to play FA Cup winners Liverpool in the Charity Shield, winning it for the first time, by 1-0.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Players may hold more than one non-FIFA nationality.