The Whites are said to be weighing up an approach for their former hitman, who scored 53 goals in 114 appearances at Elland Road before leaving for Fulham in 2014.
The Scot’s career has not quite panned out as he would have liked since leaving Leeds and the 31-year-old is currently on loan at Australian side Melbourne City, where he has netted 14 goals in 16 games.
McCormack’s loan deal expires this week and the Whites are keen to table an early bid for the striker, who is valued at £4.5million by Villa.
A move for McCormack would be part of a double deal with the Villians, according to reports, the Yorkshire outfit having also earmarked defender Elphick as a possible January addition.
Marko Arnautovic has dismissed rumours linking him with a move away, saying he has a contract with West Ham and is happy.
Southampton are being linked with a move to bring Morgan Schneiderlin back to the club from Everton.
Tottenham's chances of re-signing Gareth Bale have been boosted by reports the player wants to return to the Premier League.
David De Gea has dismissed reports linking him with Real Madrid and says he is fully focused on the World Cup with Spain.
Manchester City could complete the signing of Jorginho in the next few days after progress was made, Napoli officials have confirmed.
Roma goalkeeper Alisson has hinted he is open to a move to Liverpool and wants his future sorting as soon as possible.
Everton are ready to sell Morgan Schneiderlin to Southampton in order to make way for new signings, reports have claimed.
Chelsea have been told to forget about making a move for Robert Lewandowski as the Bayern Munich ace is going nowhere.
Arsenal are among the clubs showing an interest in Marseille midfielder Morgan Sanson, after his agent confirmed the link.