VfB Stuttgart chief Sven Mislintat has confirmed Wolves are in talks for Sasa Kalajdzic.
However, Mislintat insists Wolves aren't the only Premier League keen.
He told Sky Deutschland: "There is initial interest from England and Wolverhampton is one of the clubs, but at the moment there is nothing concrete."
Stuttgart wants €25m to sell Kalajdzic, but are likely to sell closer to €20m.
Kalajdzic's contract with the Bundesliga club expires next summer.