Grealish, 19, has been hailed as one of the Premier League’s most exciting prospects since making his first-team breakthrough at the start of the season, earning impressive reviews from four substitute league appearances and one Capital One Cup start.
His first-team opportunities have been limited in recent months, however, with manager Paul Lambert failing to name him on the bench for the past three top-flight games.
The Daily Mirror reported Nottingham Forest’s interest in signing the teenager on loan in October but, with Villa needing bodies to fill out their thin senior squad, a move failed to materialise.
Now, though, with the club adding attacking depth in the transfer window in Carles Gil and Scott Sinclair, Grealish could be afforded some regular action in the Championship.
Forest were said to be leading the race for his short-term signature prior to the weekend, per Sky Sports, but the club have since been put under full transfer embargo after failing to make a £1.5million payment to Peterborough for striker Britt Assombalonga.
At least five other second-tier clubs are keen on his services, however, with Wolves understood to be leading a pack which consists of Bournemouth, Ipswich Town, Brentford and Brighton & Hove Albion.
Lambert is still to sanction a move at this point but, given his lack of action, it would be a surprise were he to rebuff imminent bids.
Villa fans would no doubt prefer to see Grealish get a chance to impress in the Premier League, but Championship minutes would be a better proposition than seeing him spend the remainder of the season in the reserves.