By Will Butcher

Charlie Taylor’s future at Leeds is in considerable doubt as he has failed to sign a new deal amid Premier League interest.

The left-back, who won Leeds Player of the Season award last term, is only contracted with the Yorkshire giants until the summer of 2017.

With the likes of West Brom and Newcastle the latest to be credited with an interest in the 23-year-old star, here are three reasons why cashing in on Taylor could ultimately prove beneficial to the Yorkshire giants.

£5m windfall on the horizon

Leeds always seem to find themselves debating the same decision prior to January. Keep the latest star to emerge from their academy until the summer? Or cash in during the winter transfer window.

The former Champions League side have done both; Sam Byram moved to West Ham last January for a fee of £4million, while Bradley Johnson stayed at Elland Road until the summer of 2012 before joining Norwich.

The Daily Mirror claim that Taylor will be the subject of a hefty £5million figure, if any interested sides do put their money where their mouth is come January.

Taylor has not been at his best this season, and that kind of money could be reinvested wisely in strengthening the Leeds squad.

Other areas needs strengthening

The money from a Taylor transfer could go a long way in helping Garry Monk beefing up other areas of his side.

An attacking midfielder is needed to give Pablo Hernandez competition, while a striker could be brought in to take some of the goalscoring burden off 11-goal top scorer Chris Wood.

If Leeds can bring in around £5million, then Monk could be able to reinvest that money on more than just replacing Taylor.

Give Tyler Denton a chance

Leeds youngster Denton has continued to impress for Jason Blunt’s development side, after scoring on his debut for the first team against Luton Town in the EFL Cup.

The 21-year-old star has proved that he can be an adequate back up to Taylor, with Blunt even claiming that Denton could rival Taylor his first-team slot.

Now returning from injury, Taylor could be looking over his shoulder as Denton continues to make waves at Elland Road.

In other Leeds transfer news, signing this Celtic star could hand Leeds a playoff place.