Leeds are known to be on the look out for a new striker, following the departure of Chris Wood to Burnley.
And it seems that money has been placed on Rhodes ending up at Elland Road this summer.
According to the Daily Mail, Wolverhampton Wanderers are the leading the race to sign Rhodes, but the bookies have Leeds at a shorter price.
Rhodes has endured a difficult time at Wednesday, since joining back in January, with the normally prolific striker proving to be somewhat wasteful.
Rhodes has hit the back of the net just three times for the Owls in eight months.
However, the Scottish international is a proven scorer at Championship level, and he would surely be an exciting capture for Leeds.
The Whites would have to pay a big fee to land Rhodes, but Andrea Radrizzani has promised that the funds raised from Wood’s sale will be re-invested into Thomas Christiansen’s squad.