Southampton are in advanced talks with Manchester City over a double swoop for winger Sam Edozie and full-back Juan Larios.
Saints have already signed goalkeeper Gavin Bazunu and midfielder Romeo Lavia from City this summer.
Ralph Hasenhuttl’s side have enjoyed a strong start to the new season, sitting in seventh place with seven points from five games.
Wolves have signed Austria international Sasa Kalajdzic from Stuttgart on a five-year deal.
The striker joins, subject to visa and work permit, for around £15 million with an option to extend his contract for a further 12 months.
The 25-year-old, who is not available for Wednesday’s Premier League trip to Bournemouth, arrives at the Molineux after three years in Germany, where he scored 24 goals in 60 games for Stuttgart.
He said: “I’m two metres tall, but also not bad with my feet. I’m just hungry to score goals. I want to play good football and score many goals.”