Present Welsh incumbent Steve Hansen has confirmed he will be leaving his post when his contract ends after the Six Nations campaign leave the spot open for contenders.
Former Wales coach Alan Davies has described the Leeds boss as the best man to lead Wales following Hansen's departure, and his success at club level speaks for itself.
After moving to Leeds in 1996 when the club were in National Three, Davies has overseen the rise to the Zurich Premiership and will lead the side in this season's Heineken Cup.
Davies, who was capped 46 times for Wales, also signed a new four-year contract at the start of the present season.
Commenting on the speculation Leeds Tykes boss Gary Hetherington said: "Phil is extremely flattered to be linked in connection with the Welsh job however he is keen to finish the job he has started here at Leeds.
"Next Sunday we play our first ever game in the Heineken Cup against Neath-Swansea Ospreys, which is yet another historic landmark during Phil's time at the club.
"Phil is committed to bringing success to Leeds Tykes and it is our vision that we will achieve that with Phil at the helm."
Davies is currently preparing his squad to travel to NEC Harlequins this Saturday in the Zurich Premiership.