Massimo Cellino, the Italian engaged in a controversial takeover attempt at Leeds, was earlier interested in Sheffield Wednesday, it has been claimed.
Several parties are known to have come forward to the Owls as potential investors but chairman Milan Mandaric has consistently said that there has been no firm offer and any new owners would have to be the right ones.
Cellino is said to have begun his bid to take over Leeds in October.
He has agreed a deal with owners Gulf Finance House for a 75 per cent stake in a takeover that would cost him around £25m and is subject to Football League approval. He has also loaned Leeds £1.5m.
New club owners must satisfy the League that they are suitable for the role.
Cellino, via a lawyer’s letter, controversially told Leeds manager Brian McDermott last week that he had been sacked. But McDermott was reinstated the following day.