Jackett, though, has made it clear that he wants Iorfa, who can play as a centre-back or as a right-back, to remain at the Molineux next season.
“I personally wouldn’t want to see him go,” Jackett told The Express & Star. “I think we need players in to improve us, rather than letting players go.
“I’m sure everybody at Wolves feels the same way as I do. We haven’t had any bids and like everyone at Wolves we want to improve the team, and build the team around Dominic, rather than replacing him.”
Jackett, though, has suggested that a big bid could force Championship outfit Wolves to sell Iorfa in the summer transfer window.
“It’s obviously always a possibility, whenever you have players doing well, there’s always that type of speculation,” said the Wolves boss. “I’ll be as determined as everybody at Wolves – we want to improve the team. Selling Dominic, we don’t think will help us.
"It’s difficult in football to predict exactly what’s happening and once you get into the realms of very, very big bids, it would be wrong to say it can’t happen, because we’ve seen it happen many times.”
Iorfa has been on the books of Wolves his entire professional career so far and has a contract until June 2019.
The 20-year-old defender has created 16 chances in 40 appearances in the Championship for Wolves so far this season.
The youngster has a pass accuracy of 75%, and has won 98 headers, 57 dribbles and 58 tackles.
Wolves are 14th in the Championship table at the moment with 54 points from 44 matches.