The Foxes earned their first top-flight title in the club's 132-year history last night after Chelsea knocked Tottenham Hotspur out of the race with a 2-2 draw at Stamford Bridge.
This time last year, Leicester were fighting their way out of relegation with former manager Nigel Pearson, but this season, Ranieri has transformed the Foxes into shock title winners.
Despite their remarkable achievement, Ranieri has played down his team's chances for next season as he believes that a top-10 finish should be the target.
When asked by Sky Sports News if Leicester could repeat their title success, Ranieri said: "No. I think no, but of course we want to continue to build. When I came here the project was to build a very good foundation.
"This season is out of our project but the foundation is solid. We know very well next season we have to fight for 10th position and higher. We want to do our very best and we want to fight. [We want to] make a good campaign in Europe, in the Cup and also to be sure that we are safe next season."