Wolfsburg are trying to persuade Liverpool midfielder Lazar Markovic to join them ahead of Swansea.
The Serbia international, who has been sent out on loan three times since joining Liverpool back in 2014, spent last season at Sporting CP and then Hull City but has not played a single game this campaign.
Swansea were pushing to sign Atletico Madrid winger Nicolas Gaitan but a deal for the Argentine fell through.
The Swans boss Carlos Carvalhal had turned his attentions to Markovic but will now have to fight the Bundesliga side to secure his signature.