A ruling by the football authorities stated that the Italian could no longer be the chairman of the club because of his past record.
Reports suggest that Cellino plans to step down to comply with the ruling for the sake of Leeds but the club will remain in the hands of the former Cagliari president.
The club will then look for a new chairman in around two months time but there is likely to be no disruption in the running of the club.
It is also suggested that there will no risks involved for Leeds United during the transition process of appointing a new chairman.
Only today there have been reports in the British media that Cellino will agree to step down as the chairman of Leeds.
Sky Sports have reported that Cellino plans to appeal against the banning order but will still resign from the board of directors so that United aren’t hit with further sanctions.
Sky Sports have reported on comments he made to the Yorkshire Evening Post in which he said he is ready to step if that is what he has to do.
"I'm prepared to resign if it's what I have to do," said Cellino.
Cellino was deemed to be unfit to run a football club by the FA after it emerged that he had failed to pay taxes relating to import duty on a yacht he owned in Sardinia.
The Leeds owner will now have his appeal heard by the league at the end of December.