Wolves hope to hear from James McFadden this weekend about their contract offer.
Several clubs have shown an interest in McFadden including one of the free agent's old clubs Everton and also Sunderland and Celtic.
"We are due to know very quickly," he told Midlands newspaper the Express and Star.
"I'm expecting an answer over the weekend. But there is no rush as I don't think he will be fully fit until the end of October."