L'Equipe says Wolves and Leicester City are both chasing a deal for Bahoken this summer.
However, any immediate move is unlikely with Bahoken away at the African Cup of Nations with the Cameroon squad.
His agent, Yves Le Mee, has admitted he's fielding interest from across Europe.
"Not everyone can buy the top 7, 8 top scorers in Ligue 1, so the English, Italian and German clubs are watching for the 8th or 15th top scorer.
"Stéphane is in this range," said Le Mee.