Wolves are determined to clearout a raft of fringe players.
Andrew Surman has joined Norwich City for £500,000 in the last 24 hours, with Chris Iwelumo moving to Burnley in a similar deal.
The Express & Star says Wayne Hennessey, Greg Halford, Matt Hill, Stefan Maierhofer and Andy Keogh could be on their way.
Chief executive Jez Moxey said: "We've got to work at getting some players out - we've got a few out and I'm sure we'll get a few more out of the door.
"We've got January to think about and we can only play 25 players.
"We can supplement with Under-21 players, but I think Mick is very satisfied with the way the team is shaping up."