The Yorkshire club have made an extremely impressive start to the Championship season, after winning their first two games including a 4-1 thumping of Frank Lampard's Derby County last weekend.
Leeds are in second place in English football's second tier, behind Middlesbrough, but their unorthodox manager does not want to start thinking about the possibility of promotion to the top flight just yet.
"If you think that we are favourites to go up, we have only played two games so far," the former Argentinian national team manager said.
"Two games are not enough to make conclusions on the team. We all know that."
Bielsa and his team next face a tie in the EFL Cup against fellow Championship club Bolton on Tuesday night.