Bellusci, who alienates support at Leeds, could now exit the club.
According to Italian outlet Tutto Mercato, both Atalanta and Bologna are looking at potential moves for the centre-back.
The defender is highly thought of in Italy and both Atalanta and Bologna view him as an ideal reinforcement ahead of the closure of the transfer window.
It remains to be seen whether Leeds will be willing to part with him or if Bellusci himself decides to return home.
The defender has been part of the matchday squad this season, though Uwe Rosler does have other options, with Liam Cooper pushing to partner Sol Bamba on a regular basis.
Leeds have been heavily linked with Leicester City defender Liam Moore and may force a deal if Bellusci leaves.