The Sunday Mirror says Smith would welcome talks with Inter, who he supported as a boy, and he can also count on Valencia to offer him a route out of Elland Road.
"If we'd got as good a team as we had fans, we'd probably have won the league," said Smith after yesterday's defeat. "But we've not been good enough, as simple as that.
"It's no good judging us by today; there have been too many games that have passed us by. Everyone's so disappointed. I've given my all for Leeds in every game, all 223 of them, and the good memories of this club will last with me forever."