The Sunday Mirror says the 19-year-old midfielder is a key part of Arsene Wengerâ€™s plans, but the Arsenal manager is keen for Frimpong to gain first-team experience and will listen to offers for him to go to another Premier League club next month.
Frimpong looks certain to figure in a shadow ÂArsenal team in the Champions League against Olympiacos in Athens on Tuesday. Arsenal are already guaranteed a place in the knockout stages of the competition as group winners and Wenger will use the game to make full use of his squad.
But following last weekâ€™s exit from the Carling Cup against Manchester City, Frimpongâ€™s first-team chances will be Ârestricted.
Wolves boss Mick ÂMcCarthy is known to be a huge admirer of the Ghanaian and the indications are that in the next four weeks he will get his man on a six-month loan deal.