The Wolves are in talks to loan Portuguese midfielder Renato Sanches from Lille.
Sanches is currently recovering from a knee injury and stands another month away, but the Wolves are still hoping to close a deal before Tuesday’s deadline.
The 24-year-old has rejuvenated his career at Lille after moving from FC Bayern Munich to France in 2019.
He has scored five goals and five assists in 60 games for Lille and helped them win Ligue 1 last season.
Sanches had a breakout tournament with Portugal at Euro 2016, which led to the German champions signing him from Benfica.
After having problems in his first season in the Bundesliga, Sanches had a difficult season in the Premier League at Swansea under Paul Clement, in which he failed to score in 15 games.
When does the luck of wolves turn?
Three games in this beginning Premier League season are the Wolves without a goal and without a point under their new coach Bruno Lage in the last three.
The home side threw it all at Manchester United, especially early on when Raul Jimenez and Trincao got close, but their defensively torn guests held on and snatched a controversial winner through Mason Greenwood late in the day.
It was a baptism of fire for Lage, who after his third 1-0 defeat in a row has to wonder when his luck will turn.