The young defensive midfielder has been linked with a move away from the club in recent months but it seems that the player is prepared to hand Leeds a massive boost by signing a new contract with them.
According to a report from the mirror, the likes of Newcastle, Manchester United, Liverpool and West Ham are all keen on securing his services but he has informed Leeds that he is prepared to sign a new contract with them at the end of this season.
Apparently, the Elland Road outfit are keen to agree on new terms with the player now and it remains to be seen whether both sides can come to an agreement soon.
Leeds have had a very disappointing season so far and they are currently battling for their survival in the Premier League.
Despite the fact that Philips wants to sign a new contract with the club, it is fair to assume that a player of his quality will not want to play in the championship next season.
Therefore, it is imperative that Leeds manage to beat the drop this season and stay in the Premier League next year.
Phillips is one of the most talented defensive midfielders in the league right now and he could improve most teams in the division.
Keeping him at the club should be a priority for Leeds next year and it remains to be seen how the situation develops over the next few months.