The 18-year-old became a first-team regular with the Rams under head coach Wayne Rooney in 2021-22, contributing to three goals in 16 Championship appearances.
Ebiowei has also impressed at youth level this term, scoring seven goals an providing one assists in seven Premier League 2 games.
The teenage forward's emergence is believed to have caught the eye of a number of top Premier League clubs, and the Daily Mail claim that Man United are the latest team to register their interest.
Spurs, Newcastle United and Crystal Palace are also closely monitoring Ebiowei, who is out of contract next month.
Ebiowei began in the youth academies at both Arsenal and Rangers before moving to Derby in 2021, but the forward is now set to seek pastures new this summer following the Rams' relegation to League One.