Wolves could face Torino in the qualifying rounds of the Europa League.
The Midlands team begin their third qualifying round tie against Pyunik in Yerevan on Thursday.
If they advance Nuno's side will then face play either Torino or Shakhtyor Soligors of Belarus.
Meanwhile, Steven Gerrard's Rangers will face a trip to either Legia Warsaw of Poland or Atromitos of Greece, if they progress past FC Midtjylland.
