The Birmingham City midfielder's move to Derby County has not been ratified.
Championship trio Blackburn, Brighton and Cardiff are said to have enquired about Trotters star Spearing.
The Trotters midfielder was not pleased with the result at Elland Road.
A midfield battle between Luke Murphy and Jay Spearing could go a long way to deciding the outcome of Leeds United v Blackburn Rovers.
Jay Spearing's proposed move to Watford has been put on hold as Bolton Wanderers have been pipped by Sheffield Wednesday and Birmingham City to top targets.
Jay Spearing is on the verge of a loan move to Watford, which will allow Bolton to sign Celtic man Kris Commons.
Aston Villa were previously linked with a move for Jay Spearing and the Bolton midfielder could be just the man to replace Fabian Delph.
Jay Spearing believes that Neil Lennon’s attacking football will see Bolton survive in the Championship.
Former Liverpool man Jay Spearing is looking forward to the new era at Bolton following the departure of Dougie Freedman.
Fulham and Bolton face off in the Championship on Wednesday night.