The West Yorkshire club are looking to overturn the 15-point penalty imposed at the start of the season and have been offered hope by the League's offer to go into arbitration over the matter.
Chairman Ken Bates told the Yorkshire Post: "The letter arrived from the League's solicitors in the morning suggesting that this should go to arbitration with a Court of Appeal judge.
"To quote their words, 'impartiality and independence will be guaranteed and the competence of the tribunal will be par excellence'.
"Impartiality and independence is what we have been arguing for all along."
Leeds are currently 11 points behind second-place Carlisle in the table.