Wolves manager Mick McCarthy is keen on signing striker James McFadden after a successful trial period at Molineux.
McFadden departed Birmingham at the end of last season after an option on his contract was not taken up by the Carling Cup holders.
The Scottish international is keen to resurrect his career after suffering a cruciate knee ligament injury 13 months ago and has impressed McCarthy in training this week.
McCarthy said: "I sincerely hope there are going to be some developments with McFadden. He has looked fine this week with us, I want to sign him.
"When will that happen and how far down the road we are, I don't know.
"But he is a talented lad and a good character and has fitted in really well.
"He has enjoyed it, at least I think he has, and he will be a great addition to our squad, definitely.
"I get the feeling from him that he wants to come here and I hope that is the case. If we can do something, then we will."
Wolves skipper Roger Johnson, who played alongside McFadden at Birmingham, is poised to return to action in Saturday's clash with Liverpool at Anfield.
The central defender missed the 5-0 demolition of Millwall in the Carling Cup on Tuesday with a sore calf.
But he has recovered from the injury suffered in the 3-0 home Premier League reversal at the hands of QPR at the weekend and resumed training on Thursday.
McCarthy said: "Johnson had a sore calf from the QPR game but he will be alright for Saturday. He trained today."
The manager is also hoping striker Steven Fletcher will be available after a recent groin problem.
He added: "Fletch' told me he feels great and he may well be involved on Saturday.
"I'm just conscious he got to that stage last week, and trained really well on Thursday and then hurt it again on the Friday. He's really optimistic so we will see."