Wolves head coach Gary O'Neil has confirmed he will not risk his key players in Carabao Cup games.
Wolves have approached Arsenal to sign out-of-favour England goalkeeper Aaron Ramsdale on a season-long loan deal.
Arsenal began their Premier League campaign with a 2-0 win over Wolves at the Emirates as goals in either half from Kai Havertz and Bukayo Saka gave them the ideal start.
Chelsea have signed Pedro Neto from Wolves on a seven-year contract.
Wolves have been stripped of their captain Max Kilman after he completed a big-money move to West Ham.
Celta Vigo have allowed Norway striker Jorgen Strand Larsen to join English Premier League outfit Wolverhampton Wanderers on a season-long loan.