The 17-year-old is being targeted by a host of top clubs, including West Ham United.
Playing at the European Under-17 Championship, Dipepa scored in his nation's opening 4-0 win over France.
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West Ham are set to face competition if they want to bring the teenager to the club.
There are several teams in the Midlands who are pushing to complete his signature.
His profile as a player is an exciting one, he possesses a lot of attributes and qualities required to be a successful striker in the modern game," Port Vale's director of football David Flitcroft said when Dipepa signed his contract.
Professional contracts at this club are not given, they're earned and Baylee has certainly earned his. If he continues his hard work and focus, there is no ceiling to what he can achieve at the club."