Wolves believe they can convince winger Adama Traore to agree a new contract with the club.
The Spanish winger is out of contract in 2023, but the club wants to ensure he is with them for a very long time.
Big teams may come knocking, and Liverpool were linked to him this summer.
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But according to Sky Sports, Wolves will talk to him about a new deal in the coming weeks.
The club hopes to wrap up the negotiations soon so he can sign an extension.
They recently secured striker Raul Jimenez to a new deal after he signed a four year contract over the weekend.