Newcastle United have had a £50m bid for striker Jorgen Strand Larsen rejected by Wolves.
Eddie Howe's side could yet return with an improved offer, but BBC Sport has previously reported Wolves do not want to sell the Norway international.
Newcastle are in the market for a centre-forward after Callum Wilson left last month when his contract expired.
They have also had two bids rejected by Brentford for Yoane Wissa, with the Bees now expecting the DR Congo forward to stay.
Newcastle turned to Strand Larsen, who joined Wolves permanently for £23m last month following a successful loan spell last season where he scored 14 goals.