Chelsea boss Jose Mourinho values Belgium playmaker Eden Hazard at £200m after reported interest from Real Madrid.
Alan Pardew is weighing up chasing a big-name summer signing to boost Crystal Palace's profile.
Wolves have signed Stoke winger Jermaine Pennant on a three-month emergency loan deal.
Pennant revealed earlier on Friday that he was set for a loan move after Stoke boss Tony Pulis informed him he was willing to let him go out on loan.
The 29-year-old has only made two appearances for Stoke this term and Pulis is happy for him to get some regular first-team action elsewhere.
Wolves have moved quickly to bring the former Arsenal and Liverpool man to Molineux with Stale Solbakken keen to bolster his attacking options after losing Razak Boukari, Stephen Hunt and Slawomir Peszko to injuries.
Wolves chief executive, Jez Moxey, was delighted to bring in Pennant on a three-month deal.
"Stale wanted to find a high quality replacement for our injured wingers and we're very pleased Stoke have agreed for Jermaine Pennant to join us on loan for an initial three month period," Moxey told the club's official website.
"He is a high quality player and Stale is delighted to have secured his services until at least the New Year."