TalkSPORT says Wolves are eager to secure the Portuguese to a new deal, with his current contract expiring at the end of the season.
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Despite Wolves failing to secure a win in the Premier League this season, the board retain full confidence in their manager and are eager to secure him to a new agreement.
Pereira's agent is Jorge Mendes, who has a good relationship with Wolves, so negotiations are expected to run smoothly.
With Wolves losing Nelson Semedo, Matheus Cunha and Rayan Ait-Nouri over the summer, there is an understanding inside the club that Pereira was facing a tough campaign this season.