Largie Ramazani and Harry Gray – what happens next to Leeds United loanees amid transfer review

With Leeds United expected to need to generate funds this summer, a number of players could be on their way out. Over the course of the season, the club sent seven senior players on loan, two of whom moved to new teams in January. Ultimately, only two remained in England, while two others played in Spain, and another pair even featured for the same foreign club.

Due to Squad Cost Ratio rules initially limiting Leeds’ summer spending capacity, the club will need to be both clever in recruitment and ruthless in sales. Some of their loaned-out players will draw more interest—and command higher fees—than others. Below, we review each loanee’s season and what Leeds should do with them next, whether sell or keep.

Joe Gelhardt – Loan spell rating: Excellent

Gelhardt nearly had a perfect season. With 15 goals, including eight in 10 Championship matches between October and December, he helped turn Hull City into serious play-off contenders. He finished as the league’s sixth-top scorer. The only blemish was a poorly timed calf injury that halted his scoring run. Still, it was a fantastic campaign, capped by a dramatic play-off final win at Wembley.

What next?
Gelhardt wants to join Hull permanently. Other clubs may show interest, but he feels settled at the MKM Stadium, which should outweigh other options. Leeds initially loaned him out with a view to a sale while Hull were under transfer restrictions. Now that Hull are a Premier League rival, Leeds might still secure a decent fee for Gelhardt, even though he has only one year left on his contract.

Largie Ramazani – Loan spell rating: OK

Ramazani assisted on his Valencia debut in August but had to wait until January for his first goal, having also suffered a month-long muscle injury and struggled to start a La Liga game. However, he scored in his first start against Levante and then netted in his next two appearances as a starter, sparking a run of five goals in 10 games. That said, he scored only once in his final nine league matches and lost his starting spot, beginning the last four games on the bench after 11 straight starts.

What next?
Ramazani’s loan has no buy-out clause. Leeds’ leadership felt last August he could still have a future at the club. If Daniel Farke sticks with a back three, Ramazani’s only realistic role is backing up Noah Okafor as a wide No. 10. In a back four, Ramazani was left out of the squad for the trip to Arsenal—though that was while Jack Harrison was still at the club. Harrison may ask to leave this summer after his Fiorentina loan. Much depends on Farke’s preferred system and incoming transfers.

Jack Harrison – Loan spell rating: OK

Harrison had started just one Premier League game for Leeds before moving to Fiorentina in January. He then started 10 Serie A matches, mainly on the right wing—the opposite side from where Farke used him. His best form saw him record two assists and a goal in three April matches, helping Fiorentina reach the Europa Conference League semi-finals. He also added another assist in February.

What next?
Although Harrison has played more regularly, opinions on his performances are divided. He has a £6m buy-out clause, but Fiorentina seem unlikely to trigger it. Still, Harrison is expected to leave Leeds this summer after failing to break back into Farke’s plans. His contract runs until 2028, giving Leeds a good chance to command a solid fee.

Mateo Joseph – Loan spell rating: Poor

Two goals and four assists for a relegated Mallorca side shouldn’t be dismissed, but both goals came in the same match back in October—though assists in wins over Sevilla and Real Madrid (the winner) are notable. He started 19 of his 30 appearances, but only four of those ended in victory. Joseph suffered an ACL injury in April that will require a long recovery.

What next?
Due to his injury, which could sideline him until 2027, Joseph will likely stay at Leeds for treatment next season. Even if he returns by January, few clubs would take a loan gamble. Chairman Paraag Marathe admires Joseph, which is why no purchase clause was included in his loan deal. However, Joseph’s refusal to join pre-season training has created distance between him and Farke, though Farke has said Leeds will give him the best possible support during recovery.

Rasmus Kristensen – Loan spell rating: Very poor

The 28-year-old played just three games all season for Werder Bremen after tearing his hamstring before the Bundesliga campaign. He made two late-season substitute appearances, totaling only 124 minutes of league action.

What next?
Bremen will not trigger their option to buy. Kristensen returns to Leeds with one year left on his deal. Two likely options: a cut-price sale or an early contract termination.

Isaac Schmidt – Loan spell rating: Poor

Schmidt scored on his Werder Bremen debut but failed to make a significant impact thereafter, managing only two clean sheets in defensive roles and no further goal contributions. He started six of his 19 outings and only once between January 25 and April 8. He moved to Bremen to secure a Switzerland World Cup spot after coach Murat Yakin told him regular game time would help, but that didn’t materialize, and Schmidt was left out of the squad.

What next?
Schmidt might not have pushed for a loan exit if not for his World Cup ambitions. It’s easy to see him as a wing-back backup—but several questions remain. Will Farke stick with that formation? Is Schmidt truly cut out for top-level football? He looked off the pace in Leeds’ pre-season. Another loan seems pointless if he’s not reintegrated, especially with two years left on his deal.

Sam Greenwood – Loan spell rating: Good

Greenwood learned a great deal in his first real taste of senior football. He started all 20 of his games for Rotherham United under two different managers after joining in January, recording three goals and one assist. The loan wasn’t entirely smooth—an injury sent him back to Leeds for treatment during a two-game absence, and he often played on the left rather than as the main striker. Still, he returns to Elland Road wiser and more streetwise.

What next?
Another loan makes sense, this time with a better team for a full season. Greenwood has made clear he wants to break into Leeds’ first team, but that’s unlikely just yet. He has only 21 senior appearances to his name. The teenager is clearly talented, and the club knows it. They aim to manage his development carefully. He’ll travel for pre-season, but more experience elsewhere will set him up for a serious push for competitive minutes at Leeds in 2028 and beyond.