Sky Sports understands a number of Premier League and Championship clubs have been alerted to Adam Hammill's availability at Wolves.
Wolves are thought to be willing to listen to offers for the former Liverpool youngster.
Hammill, who joined Wolves from Barnsley in January 2011, has made just 23 appearances in all competitions for the club.
The 24-year-old spent the second half of last season on loan at Middlesbrough and new Wolves boss Stale Solbakken has informed Hammill he does not figure in his plans.
The news is sure to spark major interest in Hammill with the skilful winger having no shortage of admirers after rejecting several offers prior to his move to Wolves.