The Leeds United captain has reportedly been told he can leave Elland Road this month, having fallen out of favour since the appointment of Steve Evans as head coach.
Evans has preferred a defensive partnership of Liam Cooper and Giuseppe Bellusci, and Massimo Cellino is ready to sanction the departure of a player only signed permanently over the summer.
Bamba was signed on loan by Leeds last January, linking up on a full-time deal in July 2015, but Cellino has set a £2 million price tag on his head.
Newcastle and Sunderland are keen on taking him up to the Premier League, but Wolves have also been impressed by Bamba’s Championship performances and would like to keep him in the second tier.
Kenny Jackett has been searching all month to add a new centre-back to his ranks, and Bamba is the latest player linked with the cub.
There are no indications in the report that Wolves have yet to submit an offer for Bamba, and they will be hoping that he opts to stay in the Championship rather than move to either Newcastle or Sunderland in the Premier League.