Wolves are seeking a substantial fee of around £25 million to sell Morgan Gibbs-White.
The young forward has two years remaining of his contract with the Premier League club.
According to the Daily Mail, the Molineux Stadium club are looking to move on Gibbs-White, as he is not in the immediate plans for manager Bruno Lage.
However, they recognise his value, considering his great loan spell at Sheffield United last term.
Nottingham Forest are seriously interested in Gibbs-White, while other Premier League clubs are also monitoring his situation.
Wolves are also willing to sell winger Adama Traore this summer.