Wolves have rejected a £6.9m offer from Roma for defender David Moller Wolfe.
It was instantly dismissed by the Molineux club on Monday afternoon and not taken as a serious offer.
It is unlikely the 23-year-old would be allowed to leave as Wolves would need a replacement before the 2 February deadline.
The left-back only joined Wolves from AZ Alkmaar in the summer for £10m and has made 16 appearances for for the club, who are bottom of the Premier League.
Should Roma find a replacement it would allow Liverpool loanee Kostas Tsimikas to leave the Stadio Olimpico.
Liverpool had agreed a deal in principle of around £5m with Tottenham for the sale of Andy Robertson but it was dependent on the Reds being able to recall left-back Tsimikas from Roma, which they have not been able to do so far.
Wolves have also turned down a £33m offer, with £6m add-ons, from Leeds for striker Jorgen Strand Larsen.
They are open to refreshing the squad before a likely relegation to the Championship with Marshall Munetsi joining Paris FC on loan and Fer Lopez returning to Celta Vigo on loan.
Midfielders Andre and Joao Gomes and winger Jhon Arias also have interest before Monday's 19:00 GMT deadline.
