Nick Powell (L) scoring against Wigan, captained by current boss Gary Caldwell (R), for Manchester United
Powell, who the report states is also interesting Blackburn Rovers, spent the second half of last season on loan at Hull from Manchester United and Bruce was keen to bring him back to East Yorkshire.
Hull boss Steve Bruce said only his vice-chairman can explain why they aren't signing Powell
Now it appears the Black Country club could also be left disappointed, with Wigan hopeful of sealing a deal.
According to the Mail, Latics boss Gary Caldwell, who was Powell's teammate at the DW Stadium three seasons ago, has been in dialogue with the attacking midfielder for over a month.
Wigan Athletic boss Caldwell was a teammate of Powell during the latter's loan spell
And Caldwell's persistence looks to have paid off, with Wolves' ongoing takeover talks reportedly allowing the League One champions to pounce.
Powell is said to be signing a three-year contract in Greater Manchester, and while the report does not disclose the terms of the deal, it states that Wolves were prepared to pay him £16,000 a week.
The future of Wolverhampton Wanderers boss Kenny Jackett is reportedly under threat