Wolves have made an offer for Angers defender Rayan Ait-Nouri.
The young fullback is expected to be on the move this summer after catching the eye of scouts from across Europe.
Le 10 Sport says Wolves and Valencia have both tabled offers for Ait-Nouri in recent days.
The 19 year-old left-back is on the books of super agent Jorge Mendes, who has close ties to both bidding clubs.
Mendes is also in contact with Manchester United and Manchester City, though as yet neither Premier League giant have come forward with a proposal.