The 18-year old has been labelled with the tag of 'wonderkid' and 'Baby Messi' in recent months, and has been tracked by the likes of Real Madrid, Manchester United, Arsenal and Liverpool. Despite this interest, the Birmingham Mail is reporting that the tricky winger, who has played 41 times for Dundee, is a key target for Wolves boss Kenny Jackett, as he looks to strengthen the squad of his League One champions.
Wolves can offer the same experience to Gauld as he receives at Tannadice, in which he assumes a central role in the attacking third, allowing him to dictate Dundee's attacking plays and work through his instincts - rather than being forced into a system. Despite brushing off the comparison with Barcelona's Balon D'Or hero, the similarities in their respective styles of play are plain to be seen. His free role has brought a return of seven goals in his short career, since making his debut in the final game of the 2011/12 season.
Although a move to a top club may increase the quality of his training, the first-team football available at the Molineux would be desirable for any young player, especially as Jackett has ambitions of achieving a return to the Premier League - an ambition that Gauld could be central to.
However, a move for the one-time capped Scottish Under-21 international may come at a steep price, with Gauld having recently signed a contract extension that keeps him at Tannadice until 2016.
Tottenham Hotspur's young playmaker Alex Pritchard is also being eyed up, having enjoyed a fine season on-loan at Swindon, where he was regularly watched by Wolves scouts. It is unknown whether Spurs would be willing for their starlet to leave, although another loan move has been rumoured, with the Championship a logical step up in the youngsters process.
Callum Wilson at Coventry and Chris Wood at Leicester are also being tracked, although their importance to their respective first-teams means any potential deal is unlikely.