Wolves are in talks with Barcelona over a potential move for midfielder Nico Gonzalez.
The 20-year old is one of the players Barcelona are willing to listen to offers for as they scramble to recoup funds over the next three weeks.
Wolves expect a renewed bid for Morgan Gibbs-White from Nottingham Forest but want extra options for Bruno Lage regardless.
Forward Goncalo Guedes is on his way from Valencia for an initial £27million and they expect to sign at least one more striker with an offer in for Hwang Ui Jo of Bordeaux.
Gonzalez is a versatile midfielder who could initially arrive on loan. There has been interest from other Premier League clubs but his agent Jorge Mendes is looking to get a deal agreed at Molineux.
Gonzalez impressed last season in a break out campaign making 36 appearances but Barcelona need to shift a number of players out to enable them to register their new signings.
Wolves defender Conor Coady, meanwhile, is closing on his loan move to Everton after undergoing a medical.
The 29-year old's arrival is timely for Everton following injuries to Ben Godfrey and Yerry Mina.