I do not believe that any part of any current or future LLM (i.e. using the same fundamental architecture) is capable of reasoning, or in fact, capable of anything other than, essentially, doing a really, really, really good job of generating the next word in a response.
I am all about emergent properties of neural networks, but I absolutely do not believe that LLMs have them, specifically because of the way they are designed.
However, as to the specifics, people who seem to believe otherwise claim that they can reason, and so that's merely one specific angle of attack: to show that they cannot reason, and that in fact, everything they do is implicitly contained in their training set.
As I've already said, what they can do is enormously powerful and in many (most?) ways entirely unexpected, so I still regard the advent of LLMs as extremely significant, both from a practical but also a scientific point of view. I think it may force a revision in the most basic aspects of understanding human speech behavior, for example.
Nevertheless, I do not believe that anybody is served by believing that these systems can do things that they cannot. I do not understand why the seemingly magic results of these systems is leading so many into a denial of what they actually do.