Wolves are planning to target Valencia forward Goncalo Guedes this summer, Football Insider understands.
The Portugal international, 24, is likely to be available for sale in the next window after owner Peter Lim withdrew his funding at the cash-strapped Spanish club.
A Wolves source has told Football Insider the club have Guedes firmly on their radar and he will be on their list of potential signings.
The wide attacker has also been linked by Fichajes with West Ham, who are in the market for central and wide forward recruits.
But Wolves have a major advantage in a potential race through their close ties with super agent Jorge Mendes.
Guedes is on the books of Mendes’ Gestifute agency and the transfer facilitator also has strong links to Valencia.
Wolves were linked with the Portugese star in 2018 when he was at Paris Saint-Germain but he ended up joining Valencia for a fee of £36million.
His value has subsequently dropped and it won’t take anywhere near that to prise him from Spain this summer.
Guedes is a 23-times international with four goals and two assists from 22 Valencia matches this season.
He has played 124 times for the La Liga outfit and also had spells at PSG and Benfica.
Mendes is a close associate and adviser of Fosun International, who own Wolves.
He has been central to their transfer dealings and ascent from mid-table of the Championship since Chinese-owned Fosun bought the Midlands club in 2016.