The Sunderland man has been fantastic since he joined the club in November.
The Yorkshire Evening Post has claimed that as things stand, Liam Bridcutt's loan spell at Leeds United is set to end this weekend, meaning that the Championship clash with MK Dons could be the midfielder's final appearance for the Whites unless an extension can be agreed.
While the 26-year-old has been fantastic for United since joining from Sunderland in November, and thus Steve Evans would be foolish not to do everything he can to agree an extension, the Leeds boss has to consider other options should Black Cats boss Sam Allardyce decide to bring Bridcutt back into the first-team fold at the Stadium of Light, or choose to let him go elsewhere.
Bridcutt's excellent form at Elland Road, and the run that he has helped inspire - with the club only losing once in the seven games he has played - has confirmed that Evans always needs to deploy someone in the holding midfield role in future.
Like Bridcutt, Reed's strength lies in his tackling, and his ability to read the game and break up attacks by making crucial interceptions. While he arguably does not have the composure on the ball that Bridcutt has showcased during his loan spell, there are enough creative midfielders in the United squad to make up for the slightly weaker side of the 20-year-old's game.
With Victor Wanyama, Oriol Romeu and Jordy Clasie keeping Reed out of the Saints side - the Englishman has made just two appearances this season, both in the club's unsuccessful Europa League campaign - Ronald Koeman may be keen to see Reed leave the south coast temporarily to ensure that his development isn't halted by a lack of first-team action.
And Steve Evans needs to make sure that if Leeds lose Bridcutt in the coming days, they act quickly. A player like Reed may not be as polished as the Sunderland man, especially at Championship level, but his arrival would allow Evans to continue with a system that has served Leeds so well since Bridcutt arrived.