HITC Sport understands Wolves target Preston forward.
Preston's Jordan Hugill celebrates scoring a goal
Wolves boss Paul Lambert has made striking reinforcements one of his main priorities in the January transfer window as he looks to lift his side clear of the wrong end of the Championship table.
Hugill has emerged on Wolves' radar after impressing at Championship rivals Preston during the last 18 months.
Preston's Jordan Hugill scores against Aston Villa
The 24-year-old has scored five goals in 14 starts in the Championship and six goals in all competitions for Preston so far this season.
Hugill is highly-regarded by Preston boss Simon Grayson with the talented forward being handed a new two-year deal in September to keep him at Deepdale until 2018.
Preston signed Hugill from Port Vale on a free transfer in the summer of 2014 after the striker saw out his contract at Vale Park.
Hugill scored two in his first six appearances for Preston in the 2014/15 season before enjoying loan spells at Tranmere Rovers and Hartlepool.
Preston are keen to keep hold of Hugill, but they are bracing themselves for interest in the striker when the transfer window opens in January.