Wells is winning plaudits at Valley Parade having already scored 17 goals in the current campaign.
And the 22-year-old hit the national headlines earlier this month when he netted in the Bantams' 3-1 win over Aston Villa in the first leg of their Capital One Cup semi-final.
Huddersfield have won just one of their last 12 Championship games and manager Simon Grayson is keen to bolster his attacking options.
Wells, who joined Bradford on a free transfer in 2011, has also been linked with Wolverhampton Wanderers and Leeds United.
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