Leeds have already snapped up Lee Erwin and Sol Bamba this summer, but new manager Uwe Rosler now looks set to add New Zealand international Wood to his ranks.
The 23-year-old joined Leicester from West Bromwich Albion back in 2013, but has found first-team football hard to come by in the Premier League.
Just six appearances last season meant Wood moved out on loan to Ipswich Town, where he failed to score in eight games for the Tractor Boys.
Now, Wood is set to leave the King Power Stadium permanently, with The Sun reporting that Wood has now arrived in Yorkshire to hold talks over a move to Leeds United - despite interest from Championship rivals Wolverhampton Wanderers.
Despite signing striker Erwin from Motherwell, Leeds are now set to add more firepower to their attack in Wood, who will be hoping to get his career back on track at Elland Road.
What will Wood offer Leeds?
Wood stands at 6ft 3in tall, and is the ideal target man figure with great size, strength and aerial ability to be a force inside the penalty area.
Wood is likely to play in a simliar role to Steve Morison at Leeds, but he possesses much more of a goal threat than the current Whites striker.
With a point to prove and a decent record in the Championship already, Wood may be the regular goalscorer that Leeds have been looking for since selling Ross McCormack and Matt Smith to Fulham a year ago.