The 26-year-old Spanish international was loaned out to Barcelona during the second half of last season, and the Spanish giants had an option to sign him permanently this summer.
However, it appears that the Catalan giants are not keen on signing their former Academy graduate permanently, and Traore has returned to Wolves.
The Premier League side are keen on getting rid of the speedster, and Leeds are looking to offer him an exit route. The player is no longer in Bruno Lage’s first-team plans at Molineux.
Leeds could definitely use more pace and flair in the final third, and Traore could prove to be a useful option for them.
The Spanish winger has shown that he can be unplayable on his day, and Leeds will be hoping that he can add some consistency to his performances if the transfer goes through.
Traore has just one year left on his current contract with Wolves, and he is likely to be available for a reasonable price this summer.
Leeds United could lose Brazilian winger Raphinha this summer, and the Spaniard is expected to be his replacement at Elland Road.
Leeds director of football Victor Orta remains a big fan of the Spaniard, having signed him for Middlesbrough in the past, and it will be interesting to see if the two parties can get the deal across the line now.