Wolves have completed a surprise move to sign Moutinho.
Wolverhampton Wanderers could be a logical destination for Fonte, just months after he left West Ham United.
Five months after leaving Premier League West Ham United for a move to China, Portugal's World Cup centre-back Jose Fonte is a free agent.
West Ham look to have done well to shift Jose Fonte.
Jose Fonte left West Ham in February to join Chinese Super League side Dalian Yifang.
West Ham United let Jose Fonte move to China last month, but they are now short of options at centre-back.
English duo Josh Pask and Tunji Akinola have been performing well for the West Ham United development side and look like potential stars in the making.
West Ham United lost Jose Fonte to China earlier this month.
Jose Fonte is set to leave West Ham United just 13 months after he signed from Southampton.
Rangers are fighting to keep Ibrox goal-getter Alfredo Morelos in Glasgow this month.