Wolves were today preparing a third bid for Sheffield United defender Harry Maguire as Richard Stearman edged closer to agreeing a new deal to stay.
It's understood Molineux officials have returned to the negotiating table ready to make an offer of £1.5m rising to £2m for Maguire.
But the improved offer may still not be enough to prise Maguire from Bramall Lane, with sources indicating United may hold out for a straight £2m after feeling shortchanged over the £250,000 sale of Kevin McDonald.
United have been trying for several weeks to persuade the 21-year-old, who has a year left on his current deal, to sign fresh terms.
But as Wolves look to up the ante with what is thought to be a substantial increase on the £1.2m offer - rising to £1.5m - made earlier this week, Maguire has pulled the plug on discussions aimed at keeping him at Bramall Lane.
The three-times United player of the year is believed to have told people he doesn't want to stay at the club.
"Harry has asked for them to be put on hold and see what happens in the next few weeks," said United boss Nigel Clough.
"That's understandable. In my opinion his career would be best served by staying with us."
But it's understood that privately, the Blades are resigned to losing their star asset to Wolves.
Meanwhile, Stearman is understood to be close to extending his six-year stay at Molineux by agreeing a new contract.
The 26-year-old, who is out of contract this month, has been in talks for some time and although there is no confirmation, both parties are close to agreeing a deal.
Wolves will have to play a waiting game in their chase for Chris Wood - as a report claimed they have bid £1.1m for the Leicester striker.
Sources say the newly-promoted Premier League outfit want to complete their incoming business before allowing anyone to leave.
The Foxes have bid £1m for Cardiff striker Fraizer Campbell and have had three offers rejected for Brighton's Argentinian marksman Leonardo Ulloa.
Former Albion striker Wood, who has two years left on his contract, scored 11 goals in 19 games for Kenny Jackett's Millwall from September 2012 to December 2012 before joining Leicester for £2m in January 2013 from the Baggies.