Wolves are interested in Valencia attacking midfielder Goncalo Guedes.
Guedes is on Wolves' radar, although an offer hasn't yet been submitted.
Portuguese media sources suggest talks between the two clubs have begun, though Sky Sports News reports that isn't the case yet.
Guedes is represented by Jorge Mendes, as are a number of Wolves players, and is thought to be valued by Valencia at around £20m to £25m.
VCF are prepared to sell the striker this summer.