Peter made his City debut as an 16-year-old in 1966, having started training with the Club at schoolboy level three years earlier.
He became the successor to the late, great Gordon Banks, who was sold to Stoke City a year after Shilton's first game.
The future England international kept a clean sheet on debut - a 3-0 victory over Everton - and went on to play 339 games for the Foxes.
A boyhood fan, Shilton grew up watching City play at Filbert Street, inspired by the man he would go on to replace between the sticks for both Leicester and England.
The first 20 of his England caps came while he was a Foxes player, including his international debut against East Germany in 1970, which England won 3-1 in the first game after the World Cup.
Shilton even managed to get on the scoresheet during the first year of his senior career, away at Southampton in October 1967. Incredibly, Shilton was unaware he had even scored, after his long kick forward was lost in the mist and eventually ended up in the back of the net to make it 5-1 to City.
The shot-stopper helped Leicester to reach the 1969 FA Cup Final, beating Liverpool in a memorable fifth round tie after a replay at Anfield. City had drawn 0-0 in the first tie at Filbert Street and were given little chance of progressing.
But Shilton saved a first-half penalty in front of the Kop, before Andy Lochhead scored late on, to seal victory and a place in the quarter-finals.
In the last four, another 1-0 win, this time over West Bromwich Albion at Hillsborough, saw City into the final at Wembley.
But the Foxes would go on to lose by the same scoreline to Manchester City, courtesy of Neil Young's early goal, denying Shilton the chance to win the only trophy that eluded him during his stellar career.
Leicester were relegated to the Second Division at the end of that season, but bounced back in 1970/71, winning the Second Division title with Shilton between the sticks.
In 1974, Shilton and City would come close to the final again, reaching the semi-final, before being knocked out by Liverpool, with the Reds getting their revenge for that fifth round defeat five years earlier.
Kevin Keegan scored the only goal of the replay at Villa Park to send his side through to the showpiece.
During the following campaign, in November 1974, Shilton departed Leicester for Stoke City, following in the footsteps of his predecessor, Banks. He was signed for £325,000, which was a then world record transfer fee for a goalkeeper.
He would win a host of domestic and European honours, including the First Division title, European Cup and European Super Cup at Nottingham Forest, as well as playing every game in the 1990 World Cup, when England reached the semi-finals.
Individual accolades also came in the form of the PFA Player of the Year award, on 10 occasions, and induction into the English Players Hall of Fame after ending his playing career with 1,249 games for club and country.