Acting chairman Trevor Birch appears to be closer to finding a buyer after yesterday confirming 'constructive talks are continuing' with a four-man, Yorkshire-based consortium.
Talks are at an advanced stage and being conducted through a prominent firm of lawyers in Leeds, with the possibility a deal could now be finalised by the end of the week.
However, there remains the prospect that their £20million bid may not prove the lifeline all Leeds fans are hoping for.
That would leave Birch frantically searching for the £3.5m to £5m needed to see Leeds through to the end of the season.
With cuts in the pipeline, the players may then be asked to defer between 10% and 20% on their wages, which could prove far more acceptable as the players confirmed they would help, but only as a last resort.
If further talks are necessary, the PFA would likely meet the players on Thursday, with deputy chief executive Mick McGuire confirming: "We did promise the players last week we would go back in.
"A week later we need to look again at the situation because things are happening. It would just really be an update and to re-evaluate.
"We will certainly be looking to speak to the club, and if we've got anything then we will be looking to speak to the players.
"If there's a need to help then we'll be looking to see what the players' response will be, although they've already said in a statement if it's absolutely necessary, they will support the club.''