Leeds United Supporters Trust has confirmed the club is in talks with two interested parties regarding a possible takeover at Elland Road.
The club released a statement on Monday morning confirming they were in talks with an unnamed group of potential investors.
A statement on LUST's website read: "We are aware of firm interest from a number of parties looking to buy Leeds United... We understand that Leeds United are in talks with at least two separate groups. We also understand there is one firm bid on the table at present.
"In February we responded to [chairman] Ken Bates' suggestion that we "put our money where our mouth is" by asking any potential investors, who shared the aims and ambitions of our members and of our Vision Statement, to contact the Trust with a view to working together to take Mr Bates up on his offer.
"We developed a presentation so interested parties could see how working with LUST could help them and have been in contact with a number of people to explore ways of bringing about change for the better at Elland Road.
"As part of this ongoing work we have spoken to two groups who are interested in buying Leeds United. At this stage it is not possible for us to go into details about our conversations with these groups, as with a firm offer on the table we would not want to jeopardise any current negotiations."