The Odds BK boss has recently been linked with the Malmo job.
Whilst times may be confusing behind the scenes at Leeds United and the club's golden years certainly appear to be firmly in the past - at least for the time being - there is no doubt that Leeds remains one of England's biggest clubs.
That popularity is not just in England, but all over the continent, with a particularly strong following in Scandinavia.
The 48-year-old, who preceded Celtic manager Ronny Deila as Stromsgodset boss, is currently head coach at Odd Grenland. He has impressed with the club, whom he led to fourth in the Norwegian top flight this season.
He has been heavily linked with a move to Swedish giants Malmo recently but says he will not yet be coaching abroad as his kids are not at the right age but admitted a desire to manage away from Norway - specifically mentioning Leeds United in an interview with Telemarksavisa:
"It's a thought that has grown more and more forward. It is very fun to train Odd and reveal their own young players and building teams.
"In an even bigger club becomes more buying and selling, and I do not know if I'm so good at that.
"Anyway, there has not been an issue, even though I have turned down some offers from abroad earlier. We have been concerned that the kids in any case will be finished with high school, and now the soon both it.
"So yes, I think I coach a bigger club out there one day. Leeds perhaps."
Of course Leeds, who are massive in Norway, are for once seemingly content with their manager. Steve Evans has them playing well at the moment and the club owner Massimo Cellino, who is known as the manager eater, does not currently look like letting him go.
But just ask Brian McDermott, Dave Hockaday, Darko Milanic, Neil Redfearn or Uwe Rosler - the Italian changes his mind fairly swiftly.
So Fagermo might want to keep that CV on standby.