Premier League new boys Wolves have turned down a £12m bid for forward Ivan Cavaleiro by Fulham, according to Sky sources.
The 24-year-old Portuguese striker was linked with a move to Huddersfield earlier in June, but he played down any speculation over a transfer by saying: "Looking forward to start the season with my club."
Cavaleiro joined Wolves from Monaco for a then club record fee of £7m in 2016.
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He was one of Nuno Espirito Santo's key players during Wolves' Championship title-winning campaign, scoring nine goals with 12 assists.
Fulham boss Slavisa Jokanovic is clearly keen on beefing up his attack having also enjoyed promotion to the top-flight in May.