Tottenham Hotspur's 2-2 draw at London rivals Chelsea, last season's champions, brought an end to a surreal title race with the trophy presented at the King Power Stadium on Saturday.
Leicester hosted Everton in the evening kick-off as 30,000 euphoric fans proudly chanted "We know what we are ... champions of England!"
The club's new shirt, complete with Premier League winners badge, was on display with swarms of supporters queuing at the club shop on party day in the East Midlands.
Somewhat fittingly Andy King, who becomes the first player to win all of League One, Championship and Premier League titles with the same club, was the star of the day as he supplied the cross for Jamie Vardy's opener before grabbing a goal himself to double the advantage.
Vardy converted from the penalty spot for his 24th goal of the season, but was unable to match league top scorer Harry Kane's 25 after blasting over a second penalty, although that didn't stop Foxes' jubilant fans singing "Jamie Vardy's having a party" .
Over 1,500 Italian fans were present in homage to coach Claudio Ranieri, who appeared to be moments away from tears as he stood side by side with opera singer Andrea Bocelli performing prior to kick-off.
Fans that had surrounded the King Power Stadium three hours beforehand struck Ranieri's name, with one veteran follower going as far as to claim "it has changed my life".
"We won because we have pushed. I love you. Thank you," the Italian said in response to his adoring public.
Although Kevin Mirallas breached the Leicester defense it was not enough to dampen the incredible atmosphere, and surely Ranieri will still be offering to pay for pizza despite the lack of a clean sheet, as fans began to look forward to Champions League football next season with war cries of "Barcelona, we're coming for you!"
Ranieri has already begun to dampen expectations, but for now both the club and city can bask in arguably the greatest moment in the history of football, if not the most unexplainable.
The artist formerly known as 'The Tinkerman', now 'The Thinkerman', was first to claim his Premier League winning medal as the PA announcer named Leicester's heroes one by one until it was the turn of captain Morgan, who grasped the trophy with both hands along with Ranieri.
With the trophy hoisted aloft by both skipper and coach the fans did their utmost to lift the roof off the stadium. Leicester's squad and backroom staff, accompanied by friends and family, paraded their new favorite piece of silverware around the pitch for the crowd to see with the Queen ballad 'We are the champions' blaring out.
Leicester achieving the impossible together and showed the world what can be accomplished with a great team, rather than a group of individuals. The party will continue over the summer as, for Leicester, there is no tomorrow.
La Liga set for vital penultimate day
La Liga's penultimate gameweek could see the champions crowned and European qualification positions confirmed while the relegation places also look set to be resolved.
Barcelona, Atletico Madrid and Real Madrid will fight it out for league supremacy.
Meanwhile Espanyol, Sporting Gijon, Granada, Rayo Vallecano, Sporting Gijon and Getafe are all at risk of being relegated.
The Blaugrana will be crowned champions for a second season in a row if they beat Espanyol and Atletico and Real lose to Levante and Valencia respectively.
Luis Enrique's team are currently in first place with 85 points tied with Los Rojiblancos, both one point ahead of Los Blancos in third.
Athletic Club holds the automatic qualification spot for next season's Europa League and will confirm that with victory over Las Palmas and if Celta Vigo fails to win against Malaga.
Celta's qualification in sixth place will be assured if they beat Los Boquerones on Sunday.
If Athletic and Los Celestes' games finish in a draw then they could potentially have to wait until the final day of the season to reach the Europa League if Sevilla beat Granada.
Espanyol need just a point in the Catalan derby to ensure safety, a loss would only be good enough if Getafe and Rayo Vallecano draw in their games and Granada fail to beat Los Nervionenses.
Deportivo La Coruna will remain in the Primera Division with victory over Villarreal, a draw means they can only stay up if Los Azulones and Sporting draw, Los Franjirrojos cannot get a win at the Estadio de Anoeta and Granada loses to Sevilla.
If Los Branquiazuis are beaten by the Yellow Submarine they will need Rayo to draw or lose and if there is a tie between Sporting and Getafe.
Granada can be saved if they win at the Estadio Ramon Sanchez-Pizjuan and Getafe draw at home to Sporting or Rayo loses against Real Sociedad.
A draw for Jose Gonzalez's team means they will have to get a good result against Barcelona on the final day.
Rayo cannot guarantee survival just yet even with a win on Sunday at the Anoeta.
Sporting will be relegated with a loss against Getafe and if Rayo or Granada win.
Getafe are also in the same position if they lose to Sporting and Granada beats Sevilla.
A bizarre series of events would mean that if Juan Esnaider's side only concede one goal against Sporting then they can still go into their final game against Real Betis with hope of remaining in Spain's top division.
Zidane: We haven't given up on La Liga
Zinedine Zidane assured everyone on Saturday morning that Real Madrid has not given up on the La Liga title with two games remaining of the season.
Los Blancos are behind Barcelona and Atletico Madrid in the table but can still mathematically win the league.
"The message is that as long as there are minutes [left in the season] we have to believe in our possibilities," Zidane said.
"We have won only straight games and we need to continue.
"We have two finals left in the league and are one point behind, we need to keep fighting."
Having only been installed as Los Blacnos' coach on a contact until the end of the season, the former midfielder is still unsure whether he'll be at the club next year.
"We haven't won anything yet and my belief is that when you have this job you have to give everything, every day and not think any further," Zidane admitted.
"I only concentrate on what we have to do, we'll see what happens at the end of the season."
With a Champions League final around the corner many expect Madrid to rest players as they face Valencia this Sunday.
"The best way to prepare for the final is to play these two games," Zidane argued.
"Even more so for Ronaldo, who always wants to play."
The Frenchman also believes that Karim Benzema, despite his injury concerns, will face Valencia.
"He will play depending on how he feels.
"We have two games and after that there will be time to prepare for the final."
Los Blancos will play city rivals Atletico Madrid in the Champions League final on May 28.
"Getting to the final is the result of the work we've done.
"The players have worked very hard, they have fought for this and it hasn't been easy."