Wolves have reportedly made an approach for Racing Club youngster Carlos Alcaraz.
O Jogo have reported that Wanderers are in the hunt for the Argentinian starlet.
But Wolves have strong competition in the form of Portuguese giants Benfica.
Benfica are facing a real fight keep hold of Enzo Fernandez – a player Wolves were heavily linked with in the summer – following his exploits for Argentina at the World Cup.
There are reports at the moment that Chelsea are plotting a move to sign him for over £100 million, and so Benfica are seeking potential replacements in case they lose him.
It is claimed by O Jogo that Alcaraz could be someone they move for.
But he is the subject of an approach by Wolves and also AC Milan. Both of these clubs could end up pushing Benfica out of the race, it is suggested.
O Jogo say that Racing Club have set a £16 million asking price over the youngster.
That is actually less than his release clause, which is apparently £22 million. It indicates a clear willingness to do business.
Julen Lopetegui is thought to be in the market for another midfielder in January.
He has good options at the moment. But Ruben Neves and Joao Moutinho may well both be playing their final seasons at Molineux.
Wolves can’t repeat Enzo Fernandez mistake with Carlos Alcaraz
By many accounts, Alcaraz is one the most talented young players in Argentina at the moment.
The notion Benfica are after him says it all.
The Portuguese giants have had remarkable success with Fernandez after signing him from River Plate.
Clearly, Alcaraz is another top young South American talent and it could be that Wolves push a bit harder this time after missing out on Fernandez.
With Neves and Moutinho’s futures uncertain, this could be one to keep an eye on.