Wednesday marked the one-year anniversary of Pearson's return to the Foxes, having previously been in charge from June 2008 to June 2010.
Pearson has overseen a drastic overhaul of the squad during that time. Nine of the 16-man squad he named for his first game in charge against Crystal Palace last November have either left the club, or are currently on loan at another team.
After just falling short of the play-offs last season, Leicester look like mounting a sustained promotion push this time round.
Pearson said: "Last season was complicated and we have certainly moved the club forward in lots of different areas since then. Certainly we have worked very hard to get the squad into the shape it's in and hopefully that will develop.
"We are doing okay this season. We aspire to get back into the automatic promotion places and that is an ongoing process. I have enjoyed my first year back."