Wolves have rejected a £50m bid from Newcastle for Jorgen Strand Larsen.
Wolves' position is that he is not for sale in this window.
They believe he is too important and the lack of time left in the window is not enough to find a Premier League-ready replacement.
The 25-year-old Norway international spent last season at Molineux, on loan from Celta Vigo, and scored 14 Premier League goals in 35 appearances.
Wolves exercised the option to buy him on July 1, when it was announced he had signed a four-year deal to join the club on a permanent basis.
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Highlights from the Premier League match between Bournemouth and Wolves.
Image: 215 live Premier League matches up from 128 this season on Sky Sports
This season, _Sky Sports'_ Premier League coverage will increase from 128 matches to at least 215 games exclusively live.
And 80 per cent of all televised Premier League games this season will be on _Sky Sports_.