Wolves have ruled out selling Jorgen Strand Larsen, talkSPORT understands.
Newcastle United hold an interest in the Wolves striker, who scored 14 Premier League goals last season.
Strand Larsen only joined Wolves from Celta Vigo in the summer of 2024 on an initial loan, with Wolves subsequently triggering a £25million option to buy.
Reports on Thursday suggested a £60million package might tempt Wolves into selling this summer, but talkSPORT understands no asking price has been set, and Wolves have no intention to sell so late in the window.
Wolves' focus is on strengthening their squad and there is no appetite to entertain offers for their most influential players.
Crystal Palace are also interested in Hwang Hee-chan, but Wolves are reluctant to loan the South Korean striker to a Premier League rival.