The Spaniard was one of the best players for Wolves in the Premier League last season.
However, a drop in form and issues with contract talks mean he is in and out of the team this term.
According to 90Min, Leeds could look to loan Traore for the rest of the season.
He wants to play regularly to get in the Spain squad for Euro 2020.
It remains to be seen whether manager Nuno Espirito Santo will allow him to go.