Leeds chairman Ken Bates revealed the club has rejected an offer in excess of £1m from Reading for highly-rated defender Matthew Kilgallon.
Kilgallon is rated as Leeds' most-prized assets
The 22-year-old former trainee has attracted interest from a number of clubs but will not be allowed to leave.
"We actually turned down an offer for more than £1m from Reading for him so he's going nowhere," Bates told Yorkshire Radio.
"If he continues to develop, I see him as a natural successor to John Terry."
Leeds have only collected four points from as many Championship matches but Bates also rejected speculation the club is lining up a replacement for manager Kevin Blackwell.
"I saw another story carrying a report that we had Glenn Hoddle lined up as well," said Bates. "That was a load of nonsense and so is this."