Wolves are seeking deals to offload three unwanted players before next season.
The Express & Star says that the club is keen to sell striker Stefan Maierhofer and midfielder Greg Halford, both of whom have one year remaining on their contracts. Maierhofer has spent the last year on loan to Germany's Dulsberg, while Halford has been out with Portsmouth.
Last week Halford said he was hoping for a "real chance" to join the first team at Molineux but expected to be offered a permanent role at Pompey.
Wolves are also looking for a new club for 21-year-old striker Sam Vokes, who has been on loan to Bristol City, Sheffield United and Norwich.
Chief exec Jez Moxey told the newspaper: "Players will have to be moved on in order for new signings to come in."