Diouf is out of contract at the end of the season and he has so far turned down a new deal to extend his stay at Hannover.
The former Manchester United forward was linked with a move to Stoke during the January transfer window and several Premier League sides are reported to be monitoring his situation.
Wolfsburg general manager Klaus Allofs has revealed they have spoken to Diouf and he hopes to be able to keep the Senegal international in the Bundesliga.
"We have met (with Mame Biram Diouf) to discuss if we would have any chance to sign him for VfL Wolfsburg," Allofs told kicker-Sportmagazin.
"He (Mame Biram Diouf) is a very dangerous hitman. And he is able to imagine staying on in Bundesliga 1."