The Athletic says West Ham are keen on a permanent deal, but the dialogue remains at an early stage. The Norway international has other suitors, reports The Athletic.
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Wolves rejected a Newcastle bid this summer, after which management secured Strand Larsen to a new deal to 2030.
The centre-forward joined Wolves almost a year ago from Celta Vigo initially on-loan before signing permanently last summer.
This season, he has only managed one goal in the Premier League, with Wolves sitting bottom of the table.