Wolves are one of "a number" of clubs pursuing Celtic midfielder Callum McGregor, who is on loan at English League One side Notts County.
The 20-year-old has scored 12 goals in 27 appearances at Meadow Lane since arriving in August.
McGregor's representative Kenny Moyes told BBC Scotland: "There is a number of teams interested, including Wolves. But, as yet, there is no firm offer."
However, it is understood Celtic do not want to sell McGregor.
Therefore, another loan period seems likely.
County manager Shaun Derry has already expressed his desire to extend McGregor's deal.
McGregor is a Scotland under-21 international but has yet to make an appearance for Celtic's first-team.