The former Reading head of recruitment wanted to bring the two players in for nothing this summer after working with them at the Madejski Stadium.
Baird is currently at West Brom, where he has played 29 times this season. In the past he has played for the likes of Fulham, Reading and Burnley - after starting his English career at Southampton.
He has 65 caps for Northern Ireland and is a very adaptable player. Capable at centre-back, full-back and holding midfield - he would be a shrewd addition to the Leeds first-team.
Pearce has proven himself a real talent at Reading in recent times. A local boy, he has five caps for the Republic of Ireland - scoring twice. He has captained Reading for much of this season, with Jem Karacan injured, and shone in the recent FA Cup semi-final against Arsenal.
Leeds could land both for nothing, as their deals at their respective clubs expire next month.
However, surely events yesterday have now ended that interest.
The report from The Sun also claimed that Norwich City scout Steve Head was set to be appointed as the new head of recruitment at Elland Road.
However, the Yorkshire Evening Post reported yesterday that Leeds owner Massimo Cellino tore up the contract, as Head had gone on a pre-planned holiday rather than started working at the club immediately.
Head was likely the man pushing for Pearce and Baird's signatures. Head was appointed in the head of recruitment role at Reading in October 2012. He was behind the arrival of Baird at Reading in 2013 and knew Pearce from his time with The Royals.
With Head gone, it is fair to assume these two deals have also fallen by the wayside.