Wolves turned down Newcastle United’s £50 million offer for attacker Jorgen Strand Larsen.
Although BBC Sport has previously stated that Wolves do not wish to trade the Norway international, Eddie Howe’s team may still make a better offer.
Callum Wilson departed Newcastle last month after his contract expired, and the team is now looking for a center-forward.
Additionally, Brentford has turned down two of their bids for Yoane Wissa, and the Bees currently anticipate keeping the DR Congo attacker.
Newcastle turned to Strand Larsen, who joined Wolves permanently for £23m last month following a successful loan spell last season where he scored 14 goals.
But Wolves’ stance illustrates the challenge the Magpies face to convince a club to part with a key figure, and little time to find a replacement, before the transfer window shuts on 1 September.
“He is a very important player for us,” said Wolves manager Vitor Pereira, who also lost Brazil forward Matheus Cunha to Manchester United in the summer.
“I haven’t spoken with him about it. He is committed to the team. I watch him in training and he is committed. He likes to win and he is a fighter.”
Anthony Gordon looks set to line up up front against champions Liverpool on Monday night in Alexander Isak’s continued absence from the team.
The Sweden striker is training away from the rest of his team-mates after making his wish to join Liverpool clear, but Newcastle do not foresee their “conditions” of sale being met in the final days of the window.
Having now had offers for Wissa and Strand Larsen turned down, the club are facing a race against time to recruit one striker, let alone two, and that is before the prospect of Liverpool making another bid.