By Tom Blackburn
Italian businessman Andrea Radrizzani is in talks to buy a major stake in Leeds, according to BBC Sport editor Dan Roan.
Leeds owner Massimo Cellino has been photographed with Radrizzani as speculation grows that a takeover could be imminent.
Cellino claimed to Italian sport website Isola 24 Sport on Wednesday that Red Bull had been in contact with him about buying the club, but that he had no interest in the sale.
However Roan has claimed on his personal Twitter account that tycoon Radrizzani is negotiating with Leeds chiefs to buy a shareholding of the club.
MP & Silva, owned by Radraizzani, is a sports broadcasting company that in May was valued at £685million by Reuters.
Cellino took over at the club in January 2014, and has sacked six managers in the subsequent controversy-strewn two and a half years.
The Italian has been embroiled in a number of scandals that have left him close to dismissal by the Football League.
In October 2015, it was announced by the Football League that Cellino had been disqualified as Leeds United owner for a year, for an issue regarding Italian tax legislation.
That ban was overturned in May of this year though, when he was acquitted of tax evasion after an appeal.
The Daily Star claimed on Thursday morning that Cellino has dismissed club solicitor Stephen Taylor-Heath six months after recruiting him to the club, because of the clubs losing a sex-discrimination involving former welfare officer Lucy Ward.