The 18-year-old has burst onto the scene this season, despite being part of a Wolves side destined for relegation after picking up 14 points in 29 games this season.
Mane is under contract until the summer of 2029, but reports state that he is likely to be offered improved terms if his good run of form continues for the side who are likely to play in the Championship next season.
TalkSPORT report that Wolves are keen to hang onto the teenager despite interest from Manchester United, Arsenal and Liverpool who will be seeking a cut price deal once the season concludes.
Liverpool clash with Wolves in a Premier League meeting on Tuesday before the pair once again face off in the FA Cup on Friday and therefore will get two huge chances to monitor the midfielder who has stood out for the side all season.
Mane has two goals and two assists in 18 Premier League appearances, helping the club avoid defeats in seven of their last 11 games.
With 10 games to go for Wolves, Mane could be seeking to advertize himself even more to top sides where many believe he belongs.
Reports state that Wolves have slapped a £50M price tag on the youngster but that price could be cut down drastically if the side do drop down the second division.