Wolves chief executive Jez Moxey has revealed the Championship club have rejected another offer for striker Steven Fletcher.
Moxey said no offers have met their valuation of the player to this point and that the speculation has been an "unhelpful" disruption.
He told the club's official website: "All parties need to draw a line under this matter, which has now dragged on for over a month."
He added: "We need to focus on the season ahead and these disruptions to the squad's preparations are unhelpful.
"We have always said we want to keep our best players.
"If our valuations of them are not met then they will remain at Wolves but we cannot allow this speculation about their futures to drag on indefinitely up to the closure of the transfer window."