The two sides are six points better off than Zorya Luhansk and AEK Athens, but something has to give in this clash in the East Midlands.
Leicester kicked off their latest European adventure with a 3-0 win at home to Zorya Luhansk and followed that up with an equally impressive 2-1 win in Athens.
Brendan Rodgers's side have certainly found their stride in recent weeks, having won four games on the spin in all competitions.
Youri Tielemans struck twice in Monday's 4-1 win over Leeds United as the Foxes climbed into second place in the Premier League, within a point of leaders Liverpool.
Balancing European commitments with a packed domestic fixture list is going to be difficult, but Leicester seem to be using the quick turnaround in games to their advantage.
Advancing from Group G in the soonest time possible is the target for Rodgers, and his side can take a massive stride towards the last 32 with another victory on Thursday.
City have won five of their last six home matches in European competition, drawing the other and keeping a clean sheet in four of those victories.
Braga enter this match on a six-game winning run in all competitions, though, most recently grinding out a 1-0 win over Famalicao through Bruno Viana's late goal.
That win moved Braga up to third in the Primeira Liga, four points off Sporting Lisbon after six rounds of fixtures.
The Portuguese outfit are regulars in the Europa League and reached the final in 2011, though they have not advanced past the first knockout stage in the last four attempts.
Carlos Carvalhal is tasked with that and, on the basis of their first two games, Braga will fancy their chances of a run deep into the competition this time around.
Leicester City Europa League form: WW
Leicester City form (all competitions): LLWWWW
Braga Europa League form: WW
Braga form (all competitions): WWWWWW
Jamie Vardy has started Leicester's last two matches but is surely in need of a breather as he works his way back to full fitness, so Kelechi Iheanacho may be called upon here.
Rodgers has fielded three at the back in recent matches but may be tempted to go with a flat back four against Braga, who tend to operate in a 4-4-2 system.
Leicester City possible starting lineup:
Schmeichel; Justin, Fofana, Morgan, Fuchs; Choudhury, Mendy; Under, Perez, Albrighton; Iheanacho
Braga possible starting lineup:
Matheus; Esgaio, Viana, Silva, Carmo; Moura, Castro, Fransergio, Gaitan; Horta, Paulinho
We say: Leicester City 2-2 Braga
Leicester, who beat Porto 1-0 four years ago in their only previous home match against Portuguese opposition, enter this match as the favourites.
The Foxes have been in fine form of late and look to be taking the Europa League very seriously, with a famous European run the aim for Rodgers.
Braga have themselves looked very good in recent weeks, though, winning six matches on the spin in all competitions, and we can see the points being shared in this one.