Liverpool and Arsenal are closely monitoring the rise of Wolves youngster Owen Otasowie at Molineaux, according to The Sun.
But they face tough competition from the Europe for the 18-year-old defender, with Paris Saint-Germain and Schalke also interested in the teenager.
The centre-back caught the eye of PSG after playing against them in a 1-1 draw in the Premier League International Cup for Wolves’ Under-23s.
Wolverhampton Wanderers have reportedly expressed an interest in making a loan move for Atletico Madrid winger Gelson Martins.
Wolves are known to have the funds available for new additions but as it stands, no first-team signings have been confirmed in January.
However, according to Columna Cero, the Premier League outfit are interested in signing a loan deal for the 23-year-old winger before the end of the month.
Wolverhampton Wanderers midfielder Leander Dendoncker is reportedly the subject of interest from AS Roma, according to Gazzetta Dello Sport.
The 23-year-old is currently on loan at Wolves, who will complete the move permanent from Anderlecht in the summer.
However, the Belgium international has been limited to just three starts and one substitute in all competitions, and it has resulted in rumours regarding his future.
Sheffield Wednesday winger Adam Reach has reportedly emerged as a January transfer target for Wolverhampton Wanderers, reports The Sun.
The 25-year-old midfielder has impressed with The Owls this term, scoring four goals and providing two assists. He has caught the attention lately with stunning goals against Leeds and West Brom.
Wolverhampton Wanderers have slapped a £110m price tag on Ruben Neves’s head after reports surfaced linking him with a move to Premier League champions Manchester City.
The Times reports that City head-coach Pep Guardiola has identified Neves as a long-term replacement for Fernandinho, but the newly-promoted outfit are reluctant to sell their 21-year-old midfielder.