Gray day for Leeds
By James Pearson & Patrick Haond
Last Updated: 01/01/70 1:00am
While the 23-year-old winger is out of contract with The Eagles, a payment still needs to be made as he does not qualify for a Bosman free transfer.
Gray has already admitted he is eager to join the Elland Road outfit, but his hopes of making the Yorkshire switch are fading fast.
Despite the sales of Olivier Dacourt and Harry Kewell to Roma and Liverpool respectively the club are heavily in debt and have little to spend on transfers.
Whites' manager Peter Reid conceded the chances of the club landing the former Arsenal man are declining, despite on-going talks between both parties.
"I think we might be struggling on that one, it looks as if it won't go through," he said to Leeds United's official website.
"The clubs are negotiating and if you can't come to an agreement you can't blame anyone. They have a valuation of the player and we have ours."
Meanwhile, the club's most recent addition, Zoumana Camara, has revealed Dacourt helped persuade him to join the Yorkshire outfit on a one-year loan deal.
While, the former Everton and Lens midfielder endured an unhappy end to his spell with Leeds, the battling midfielder did little to deter Camara.
"I called Olivier Dacourt who played there," he admitted.
"He reassured me, and told me it is a good club with a very good education centre. Leeds are a very great club."
Although the new man will be focussing on protecting keeper Paul Robinson, he is well aware of the team's attacking threat at the other end of the pitch.
"I know the club's great players will stay, like Mark Viduka and Alan Smith. Next season, Leeds will be competitive," added Camara.