Bet Victor have now priced Derby as second favourites behind Wolves at 6/1, along with Cardiff City, Newcastle United and Preston.
Newcastle seem unlikely to sign another striker having already recruited £10 million Dwight Gayle to compete with Aleksandar Mitrovic up front for the Magpies.
Molineux - Wolverhampton Wanderers' stadium
The former Leicester City man might be disappointed to leave if he does, having helped them into the Premier League, but the truth is that the top flight has always looked a level above Nugent whenever he has played in it.
He netted five times in 30 top-flight appearances for Leicester during the 2014-15 campaign and Boro boss Aitor Karanka will be aware of his meagre record at the highest level.
According to Soccerbase, Nugent has netted 145 goals in English football to date.
Newcastle United manager Rafael Benitez during the press conference