Wolves have tabled a new contract offer to manager Nuno.
With their season now over after elimination from the Europa League, Nuno has immediately entered new contract talks with Wolves management.
The Portuguese has been offered a new deal worth £5m-a-year, reports the Daily Star. His current contract runs to 2021.
Before putting pen to paper, Nuno is seeking assurances over transfer policy and the club's summer budget.
For the 2019/20 season, Wolves finished in seventh place in the Premier League and reached the quarter-finals of the Europa League.