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.
Mel, who took over at West Brom in January, has revealed he will sit down with Albion chairman Jeremy Peace at the end of the season to thrash out his future, and that of a number of players.
The Spaniard enjoyed his first Baggies home win since taking over with victory over West Ham on Saturday to move his side four points clear of the Premier League relegation zone - and he now wants to know where his future lies before planning for next season.
"We have a meeting in the week that the season ends, and it's then that we'll talk," said Mel.
"We need to sit down, the chairman and myself, and we need to look at what he wants for the future.
"It really does depend on whether it will be with me.
"There are a lot of players who are going to be out of contract, so it's very much a case of creating a new team.
"The make-up of this team will be very important, that will define the future.
"We've spoken about the fact that for me the month of April was the most important, and during the month we've got a lot of points.
"I think the team is continually looking more similar to what we work on during the week. But we've still got three games to go and we need to finish as high as possible."