The 19-year-old is one of the most highly-rated young players in the country and signed a new five-year deal with the Blues at the end of August.
Despite this, Chelsea boss Jose Mourinho is keen for the England U-20 international to gain first-team experience.
This has alerted various clubs including Leeds who. despite being managerless. are actively seeking to recruit players before the loan window shuts on November 27.
However, the Elland Road club face competition from Derby County for the Luton-born player’s signature.
Baker captained Chelsea U-21s to the Premier League title last season and was also named the west London side’s Young Player of the Year.