Given the length of time left on his deal, it appeared that the Gers could have the advantage over the Whites in the battle to sign the 24-year-old as they are now able to speak to him about a pre-contract move, while the Championship leaders will have to bide their time if they are looking at a free transfer.
It has been a testing time for Marcelo Bielsa, with Samuel Saiz and Lewis Baker leaving Elland Road to leave Leeds looking to fill a void in the middle of the park this month.
Signing Macleod therefore, could be a fantastic way for the Whites to respond to the situation. And perhaps their chances of landing the former Ibrox youngster have received a boost thanks to Rangers.
Unlike Leeds, the Gers have been incredibly busy since the January transfer window opened. Steven Gerrard has completed four deals, with Jermain Defoe and Steven Davis arriving on loan and Jordan Jones and Glen Kamara agreeing pre-contract terms.
Meanwhile, the Daily Record has since reported that Rangers are also hoping to land Craig Bryson from Derby County. The move is an intriguing one as midfield was arguably the area of their squad where the Gers boasted the most depth even before the January window opened.
So with Davis signed, Kamara on his way and Bryson also being heavily linked, it seems difficult to imagine where Macleod would fit in if he did return to his old club in the future.
With a return to Rangers seemingly off the table therefore, a chance to move to Leeds - if it is offered - may now appeal more.
And given that Bielsa has only had to deal with outgoings so far this month, perhaps looking to get Macleod now rather than in the summer would actually be a smart move, especially while Rangers appear to be focusing on other targets.
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