Wolves are eyeing PSG striker Goncalo Guedes.
L'Equipe says Wolves have been encouraged in their interest after Valencia pulled back from talks this week.
PSG have upped their valuation for Guedes, who spent last season at Los Che, to €60m - which has been dismissed by Valencia.
Wolves are now ready to step in, with Guedes' agent Jorge Mendes having close ties to Molineux.
A move to the Premier League new boys would suit Guedes given the huge Portuguese contingent at Wolves.