Jack can go if Price is right – as Wolves approach crunch budget talks

Sources suggest long-serving midfielder Price has been told he can leave Molineux if another club meets his valuation, with Wolves set to trigger his one-year option so they can receive a fee.

Of Wolves' other out-of-contract players it's believed Portuguese international defender Silvio will leave the club. The full-back left the country before Tuesday night’s end of season awards and was the only regular first-team squad member not to attend.

George Saville is thought to be getting a one-year extension but his long-term future remains unclear for now.

Wolves may yet choose to buy loan defender Richard Stearman and bring him permanently back to Molineux, but that won’t be decided until Lambert and Thelwell have held final discussions with Jeff Shi and Fosun in the coming days.

It’s believed the same is true for experienced centre half Mike Williamson – who unlike Price, Saville and Silvio doesn't have a one-year option written into his contract – with the Wolves hierarchy waiting for clarification from the Chinese conglomerate before they announce who is staying and who is going.

Stearman and Williamson have both publicly expressed their desire to stay.

All players have been spoken to regarding their futures and the hold-up on an announcement is thought to be due to Fosun having not yet signed off on the preferences of head coach Paul Lambert and sporting director Kevin Thelwell.

If popular midfielder Price leaves it will represent a sharp turnaround in his fortunes. A year ago the Shropshire-born 24-year-old was being touted as a potential future Premier League player by then boss Kenny Jackett.

But despite being brought in from the cold by Lambert when he took charge in November, Price has since fallen down the pecking order and made only three appearances in the final two months of the season.

Silvio was surprisingly reintroduced into the first-team fold right at the end of the campaign, playing the last two home games after previously not featuring under Lambert.

Williamson has spent most of his time at Wolves on the treatment table but has impressed almost every time he’s featured, while Saville and Stearman have both recently earned praise from Lambert.

A deal remains in place to buy on-loan Derby forward Andreas Weimann for £1.5m and if Fosun give the green light he could be the first permanent addition of the summer.