Wolves are hopeful of securing the signing of Benfica striker Carlos Vinicius.
The centre-forward has been on loan with Tottenham, but they are not likely to pursue a permanent deal.
Football Insider says a Wolves source has revealed the club is keen to sign the 26-year-old Brazilian.
Any deal with Benfica may even see Wolves star Ruben Vinagre going in the other direction.
Manager Nuno Espirito Santo wants a new striker for next season, given the team's struggles in the absence of key marksman Raul Jimenez.