Ledley began the 2007–08 season in great form and earned several man of the match awards in the first four months and in October 2007 he signed a two-year extension to his contract at Cardiff City. In December 2007, Wolverhampton Wanderers offered a reported £2.5 million, which could go up to as much as £3.5 million with add-ons, to Cardiff City for Ledley. Cardiff City offered the deal to Ledley who turned the move down in order to stay with the "Bluebirds". Premier League side Everton were also known to have taken an interest in him, reportedly considering making an offer of £3.5 million. At the time, Cardiff City valued him at a reported £5 million. Despite the speculation about his transfer Ledley himself stated that he was desperate to stay at Cardiff but concedes that he may have no choice should a high offer be made. Everton attempted a second move for Ledley at the end of the January transfer window, reportedly beating Wolves' previous £3m move, but the move was rejected by Cardiff. His form continued into February and early March before a hamstring injury forced him to miss several games, including Cardiff's 2–0 FA Cup quarter final victory over Middlesbrough. He returned to the side in time for the Semi Final against Barnsley where he scored the only goal to send Cardiff to their first Final since 1927, a goal which later earned him 'Player of the Round'. Cardiff went on to lose in the Final to Portsmouth.