The goalkeeper's Elland Road future is in doubt after his new contract deadline passed.
The 19-year-old goalkeeper is the only out of contract player offered improved terms by the Whites this summer, but his future has been thrown into doubt after the deadline for an agreement passed this weekend.
Peacock-Farrell, who made his debut against Queens Park Rangers in April, hoped to sign a two-year extension at Elland Road, the Yorkshire Evening Post claims.
However, the paper understands the former Middlesbrough youngster is seeking clarity over three things: Leeds' managerial situation, the identity of the Whites' next goalkeeper coach and the club's plans for him next season.
Head coach Steve Evans is expected to lose his job despite steering the Yorkshire side to 13th in the Championship this past season, while Richard Hartis, the coach who worked closely with Peacock-Farrell, has not been replaced after being poached by England.
And the return to fitness of Ross Turnbull, Leeds' number 2 goalkeeper, could push the Darlington-born prospect further behind first choice Marco Silvestri.
A host of Premier League sides, including Tottenham Hotspur, West Ham United and Everton, have been linked with moves for Peacock-Farrell over the past few months.