Kenny Jackett is searching for a player who can give Wolves 'another 10 to 15 per cent in terms of quality'.
Neil Adams says Norwich remain in the market for further additions after signing Cameron Jerome and Carlos Cuellar.
Sheffield Wednesday have signed youngsters Johnny Fenwick and Emmanuel Dieseruvwe to professional contracts at Hillsborough.
The Academy duo agreed terms on one-year deals with the Championship club after impressing for the youth sides during the current campaign.
Defender Fenwick told the club's official website: "It's a big day for myself and my family.
"I've worked really hard and now I want to push on towards the first team and learn from the senior pros."
Dieseruvwe, who plays in attack, added: "This is what I've been working towards for the two years I've been at the club so I'm really delighted.
"My hard work has paid off so far because I have reached this point but now I have to get my head down and work even harder."