The World Cup winner appears set to take over as new head coach, according to reports.
Despite the current Whites boss leading the club to their second consecutive win on Saturday - as two goals from Chris Wood helped them to a 3-2 win against Reading - the Mail claims that owner Massimo Cellino is ready to let go of the sixth head coach since he took over and replace him with his countryman.
While the 42-year-old boasts one of the most impressive playing careers - winning the UEFA Cup, two La Liga titles with Real Madrid and being the man to lift the World Cup for Italy in 2006 among other honours - his managerial record is nowhere near as impressive with the former defender still yet to take charge of a side from Europe.
And while, reputation-wise worldwide, Cannavaro is a much bigger name than Leeds' current head coach - and thus, may be able to use the respect people have for him to strengthen the resources he has available to him in Yorkshire - his lack of knowledge of the Championship means that it is a huge gamble to appoint the former Juventus man.
Though it has come too late this season, the clubs' last three performances will have given them plenty of reason for encouragement going into the next campaign, but that momentum may well be lost if Evans is axed after the final few games.
And with Cannavaro's career providing no indication as to how he will get on in England's second tier, it appears that one of the most unpredictable clubs in the division are about to hit a completely new level if a deal is agreed.