The Sun reported at the time that the Premier League pair had been alerted by the 24-year-old's performances in the second tier, though they may need to pay around £7 million in January if they want to stand a chance of landing him.
But based on the three sides' respective form, surely Coady would be forgiven for wanting to stay exactly where he is - even if Newcastle or West Brom meet his valuation with a bid in January.
Newcastle have won just once since the end of September and a draw against West Brom remains their only point from their last six top flight games - while Alan Pardew takes over a team that have not been able to celebrate a victory since August.
Meanwhile, Wolves find themselves in the driving seat in the Championship. It has taken Nuno Espirito Santo's men just 20 games to open up a 10 point lead over the sides chasing the automatic-promotion spots in the second tier, and it would take a very brave person to suggest that they will not finish in the top two this term.
Newcastle or West Brom may be able to offer a more immediate route to the Premier League to Coady if they make a January bid, but Nuno's men appear to have the potential to join them at the top table, and based on how much ambition they have shown this season, there is no reason to suggest that they cannot continue to keep impressing even after they secure what seems an almost inevitable promotion.
So perhaps it would be fair to suggest, even if Newcastle or West Brom do come calling, Coady may struggle to find a good enough reason to push for a move to either with Wolves in such a commanding position.