The Hammers star had been linked with a move away after starring for France at Euro 2016.
Matip joined the Reds on a free transfer from Schalke.
Jamie Vardy eventually chose to stay at Leicester after Arsenal activated his release clause.
Everton were linked with a move for the Spanish striker this week.
Glasgow Rangers take on Motherwell in the Scottish Cup on Saturday.
The 20-year-old midfielder has joined Slovan Liberec on loan.
Chris Wood is confident about having a successful 2016-17 campaign for Leeds United.
The Reds will have to push a deal through quickly as the Chinese transfer window closes today.
The Owls boss has suggested where the utility man will be deployed most often next season.
HITC Sport understands Leeds are eyeing Rochdale starlet.