According to Kicker, the Hoffenheim striker, Joelinton, is on the list of various clubs, including Wolverhampton Wanderers.
Joelinton has been strongly linked with a move to Newcastle United, but Wolves are the only suitors actually named by Kicker.
The Brazilian scored 11 goals and made another nine in 35 games for Hoffenheim last season and recently signed up until 2022 with the Bundesliga side.
But according to Kicker, Wolves 'could afford at least a multi-million (euro) transfer', courtesy of their wealthy Chinese owners, Fosun International.
No exact figures are mentioned by Kicker, however, the Chronicle claimed earlier this summer that Newcastle would be willing to pay 'upwards of £30 million or even £40m for Joelinton'.
According to a separate Chronicle report, while the 22-year-old was liked by Rafa Benitez, the former Newcastle boss thought those sorts of fees would be better spread around his team.
Raul Jimenez is Wolves' only specialist centre forward at present, although Joelinton can also occupy a deeper or wide role if required.
Would Joelinton be a good addition for Wolves?
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