Kenny Jackett's side are looking for a third striker to compete with Benik Afobe and Nouha Dicko, and were reported by the Express and Star to be looking at Chris Wood, before being outbid by Leeds.
So are Wolves now likely to get a better deal by buying Le Fondre?
New Zealand international Chris Wood is highly rated, but could not break into Leicester City's first team, being sent out on numerous loans. Some of these were successes, but his best spell was with Millwall in late 2012, and his most recent loan to Ipswich Town saw him fail to net in eight appearances.
Le Fondre, 28, is five years older than Wood, who has boundless potential, but the former is more of a proven commodity.
After struggling early at Cardiff, scoring just three times, he netted eight in 17 games during his loan spell at Bolton Wanderers last season.
The striker has more than 170 goals across his professional career, netting 14 in 37 games in the Premier League with Reading in 2012/13.