Wolves manager Mick McCarthy has dismissed reports linking Republic of Ireland striker Kevin Doyle with a move to Everton.
Doyle has not started for Wolves in a number of recent games but McCarthy insists that the striker will remain at the club.
"He trained with us this morning and is going nowhere," McCarthy told BBC Radio 5 live on Monday.
"I'd be crackers to even start thinking about it. It's not happening."
McCarthy added:"I can understand his frustration at not starting in the first team lately because he has been such a talisman for us.
"Every top player has dips in form and he's got plenty of time to be right for Euro 2012."
In September, Doyle signed a new four-year deal with the club.
The Irish striker played a major part in Wolves surviving their first campaign back in the top flight two years ago, but he has struggled to reproduce his best form since a knee injury meant he was sidelined for the final six weeks of last season.
Steven Fletcher has replaced him as McCarthy's first-choice striker.