Wolves are reported to be keeping tabs on Watford striker Joao Pedro.
According to 90min, Newcastle United are looking to land the talented 20-year-old and have been confident of finalising a deal.
The Magpies have supposedly made an offer worth up to £30 million in add-ons.
But other clubs are said to have made contact with Watford. who were relegated last season.
Everton, Leicester City, Nottingham Forest and Leeds United are all showing interest, and Wolves are mentioned as keeping tabs.
Wanderers are seeking to add another centre-forward before the closure of the summer window.
Raul Jimenez is the only number nine at the club right now following the decision to loan out Fabio Silva.
The Mexican has just returned from injury, and was on the scoresheet last night in the 2-1 win over Preston North End.
Wolves have also been linked with Sasa Kalajdzic this week, but currently the clubs are not close to striking a deal.
Brazilian Pedro has been with Watford since 2020 when he joined from Fluminense. He has made 78 appearances for the Hornets, and played 31 times in the Premier League, scoring three goals in the competition.
Joao Pedro a talent, but Wolves need someone with more experience
Pedro has a lot of potential, but arguably Wolves could do with someone with a little more experience.
At the moment, Wolves are struggling to score goals and the club need to sign a player who is proven.
Pedro could eventually become that player. But right now he is raw and still very much in his development phase.
Wolves are better of focusing their efforts on signing Kalajdzic, who at 25 is more experienced and has a better eye for goal.
Signing him would be good because he’s a few years younger than Jimenez, but a few older than Silva, whom Wolves will welcome back ahead of next season.