Leeds and Crewe had agreed a six-figure fee for the 26-year-old, who only moved to Elland Road in January from Stockport County.
But Elding has indicated that he wants to stay with Leeds to fight for his place. Millwall, Darlington, Hartlepool, Leyton Orient and his old club Stockport are all reportedly interested in the striker, who still has two years left on his current deal.