Nuno Espirito Santo has stated the need to ‘rebalance the squad’ with the addition of a striker after Raul Jimenez’s injury.
But the Express & Star understands former Chelsea star Costa and ex-Tottenham midfielder Eriksen, who have been linked with moves to Molineux in recent days, are not being targeted by the club.
The focus is on addressing the lack of goals, having scored 18 times in 17 Premier League games, but it is thought to be more likely that a fresh face would come in as a temporary measure.
A loan move or short-term deal is believed to be the preferred route, with the club looking to carry on developing record buy Fabio Silva while Jimenez continues his recovery from surgery for a fractured skull.
An option Wolves could take up is to recall centre forward Patrick Cutrone from his loan at Fiorentina and welcome him back into Nuno’s squad for the second half of the season.
The Italian has struggled for game time with La Viola and has been linked with several other Serie A sides, but him playing again in gold and black is not thought to be beyond the realms of possibility.
Meanwhile, young forward Niall Ennis has been recalled from his loan at Burton.
It is understood he will make a permanent move elsewhere in the coming days.