Palmeiras are attempting to sign Wolves winger Jhon Arias.
The Brazilian side have offered £21million for the Colombia international who joined Wolves from Fluminense last summer in a £15m deal.
It is understood Fluminense also hold matching rights but must do so within three days of any bid that is agreed.
Arias struggled for form earlier in the season as did most of his teammates, however, he has found himself playing a key role under Rob Edwards.
Arias has made 22 appearances and scored twice. Wolves will consider offers though with their players potentially losing value if they are relegated at the end of this season.
Wolves’ Jhon Arias (third from right) could leave the club for a profit and return to Brazil
They have been holding out for £15m from Besiktas who have been negotiating for defender Emmanuel Agbadou.
The Brazilian transfer window is open until March 3 while the Turkish window shuts on Friday.
Wolves recouped £47m for Jordan Strand Larsen, who left the club to join Crystal Palace on transfer deadline day.
And the bottom club recruited Adam Armstrong, while also signing Angel Gomes from Marseille on loan.
