However, of the clubs initially showing an interest in the teenager, there is one that stands out above the rest.
Borussia Dortmund are the only foreign club to have been mentioned as a possible next destination for Gray.
Dortmund have positive memories of scouring the EFL for exciting talent, having previously signed Jude Bellingham from Birmingham City in a sensational £25 million move in 2020, when the midfielder was still just 17 himself.
The Bundesliga giants could repeat that same trick again with Leeds if they do make an attempt at signing Gray.
And Gray should be heavily considering the potential of what signing for the German club means.
While Liverpool and City may be fighting for major honours in English football, both clubs have proven a difficult place to break into the first team squad for young players in recent years.
For every Trent Alexander-Arnold and Phil Foden, there are dozens of other talented academy stars that get shipped out on loan and ultimately depart for smaller things on a permanent basis.
What makes Borussia Dortmund an appealing next destination for Archie Gray?
Dortmund have a proven track record of repeatedly giving young players a platform to perform on the biggest stages.
The club narrowly missed out on the Bundesliga title last season, and regularly compete in the Champions League against the very biggest clubs.
The likes of Jadon Sancho and Bellingham have made the transition to German football quite smoothly in recent years, going on to bigger things at Manchester United and Real Madrid.
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