When I slow down, with or without using the breaks I hear a noise like that of a bicycle with a card in the spokes of a wheel, kind of a clicking. It gets slower and slower as the car slows, I don't notice this noise when accelerating at all, but the engine is quite loud at the moment due to a drilled cat so its possible that it does it durring acceleration too. This is comming from the front driver side wheel.

I am guessing that it may be the wheel bearing assembly, and just wanted to check with you all to see if that seems logical or if it might be something else.

The first order of business is to jack up the fronts and try to 'wobble' the tires. Left and right as turning, and in/out/up/down as if they were leaning in or out of the car. Then remove the wheels and inspect the brakes.