Wolves are in new contract talks with manager Nuno.
The Sun says executive chairman Jeff Shi wants to tie his inspirational head coach to a new, three-year deal worth around £4million.
Wolves are set to sign Porto midfielder Vitor Ferreira, 20, on a season loan this week.
That deal would seal a hat-trick of summer signings after the stunning swoop for Porto striker Fabio Silva — and a £1.8million deal for Lyon's experienced left-back Fernando Marcal, 31.
Shi hopes this sends a clear message to Nuno that his pleas to strengthen the squad have been heard and acted upon.
Now, having delivered a stellar signing with Silva, Shi wants to strike while the iron is hot by agreeing a timetable for talks with Nuno, who has now entered the last year of his £60,000-a-week deal.
