Manchester City are expected to return with an improved bid for Matheus Nunes, with Wolves unwilling to sell the midfielder for less than £60m.
Wolves turned down a £47m offer from the Premier League and European champions last Thursday.
Nunes joined Wolves in a club-record £42m deal from Sporting last summer and has four years remaining on his contract, plus the option of a further 12 months.
The 24-year-old has shown glimpses of his quality, scoring a superb volley against Chelsea last season, but that remains his only goal for the club
