Wolverhampton Wanderers are also linked with Newcastle United striker Adam Armstrong, and Chelsea's Patrick Bamford.
Wilson went on loan to Brighton & Hove Albion last season, but he had a mixed time at the AMEX Stadium.
The 20-year-old scored just five goals for Brighton, and he was used mostly as a substitute.
United still have high hopes for Wilson, but they will reportedly look to loan him out to a Championship side again next term.
Wolves want to be at the front of that queue, as they look to increase their attacking options.
Wolves are known to be on the look out for a striker, as Kenny Jackett looks to add competition for places up-front.
Wilson has reportedly been on Wolves’ wishlist for some time, and they are prepared to offer him regular first-team football.
The Express and Star also suggest that Wolves are interested in Newcastle United’s Adam Armstrong and Chelsea’s Patrick Bamford, but both deals seem unlikely.
Newcastle don’t want to loan Armstrong out to a Championship rival, while Chelsea are demanding £10 million for Bamford.