Wolves have recently rejected a £6million, plus add-ons, bid for the winger.
Wolves boss Stale Solbakken said: “We want the money.
“We can’t wait two years for West Ham.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.