Wolves have turned down a £47 million bid from Manchester City for Portugal midfielder Matheus Nunes.
Wolves paid Sporting Lisbon a club record £38 million last summer to acquire the 24-year-old on a five-year contract.
Even before Kevin De Bruyne suffered the hamstring injury that might sideline him for four months, City intended to improve their alternatives in the middle of the field.
They are also considering 25-year-old Crystal Palace winger Eberechi Eze, who debuted for England in June.
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Lucas Paqueta of West Ham was a possibility before it was discovered that the 25-year-old Brazilian is under investigation by the Football Association for possible betting rule violations.
With only a little more than a week left in the challenging summer transfer window, Wolves are reluctant to lose Nunes.
Wolves Star Matheus Nunes
Matheus Luiz Nunes, a midfielder for Wolverhampton Wanderers of the Premier League and the Portugal national team, was born in Portugal on August 27, 1998.