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Liverpool and Arsenal are reportedly poised to fight it out for Wolves captain Conor Coady.
Coady has impressed for Wolves this season and is believed to have even caught the eye of England manager Gareth Southgate.
Wolves are keen to keep hold of the 25-year-old who has been with the club since 2015 and are poised to offer him an improved contract.
West Brom are reportedly looking to replace Harvey Barnes with 18-year-old Arsenal attacking-midfielder Emile Smith-Rowe.
Barnes, who was vital for Albion during the first half of the season, was recalled by parent club Leicester last week.
Smith-Rowe has made six appearances for the Gunners this season, the majority of which have come in the Europa League, scoring three times.
Meanwhile, Albion are also believed to be interested in Liverpool starlet Ben Woodburn.
Rangers, managed by Liverpool legend Steven Gerrard, were reported to be close to signing the midfielder on-loan.
However rumours in recent days have suggested that Albion could be keen to make a swoop for the 19-year-old.
Aston Villa's summer target Harold Moukoudi is reported to be back on the club's radar after struggling to keep his place at current club Le Harve.
The 21-year-old was close to making the move to Villa Park in the summer but backed out of the deal opting to remain in France.
Elsewhere, the club are rumoured to still be interested in landing the signature of former Walsall defender Rico Henry.
The Brentford man is a favourite of boss Dean Smith and the pair both made the move from the Banks' Stadium to Griffin Park a number of years ago.
Henry, a former Football League Young Player of the Year nominee, could provide Villa with some much needed strength at left-back.