Gremio have announced the capture of Pedro Geromel from Real Mallorca on a deal until 2016.
Cologne have insisted there are no fresh developments on Pedro Geromel's future amid speculation linking him with a move.
Wolves boss Stale Solbakken has confirmed he intends to raid former club Cologne again for defender Pedro Geromel.
Cologne general manager Volker Finke has no ambition to become boss of the club and Stale Solbakken is under no pressure.
Pedro Geromel is facing a lengthy lay-off after sustaining a serious knee injury during Cologne's weekend victory.
Cologne will be without defender Pedro Geromel for three weeks after sustaining a thigh injury.
Bundesliga new boys Cologne have signed Brazilian defender Pedro Geromel from Vitoria Guimaraes.
Bolton are understood to be interested in Brazilian defender Pedro Geromel.