Wolves and Joao Cancelo.

According to some in the Italian media there was a €40m offer from the Premier League club, knocked back by the player.

According to Cancelo, speaking to Tuttosport last week, he hasn’t yet had any offer to knock back or otherwise.

And according to Valencia’s local media, Wolves remain ‘attentive’ to the situation but haven’t done anything concrete about it yet.

The balance of probability would therefore lean on the offer not being made.

On Monday, Valencia regional newspaper Super Deporte detail Juventus’ efforts to raise money to sign Cancelo, who spent last season on loan with Inter Milan and clearly left an impression in Italy.

Embed from Getty Images

Super Deporte state: ‘The Italians now focus on trying to accelerate at all costs their particular operation of selling players to buy Cancelo so there is no unpredictable twists, such as a firm proposal Nuno Espirito Santo’s Wolves, who wait in the background, attentive to what may happen.’

That’s what the actual situation seems to be. Wolves know Cancelo would prefer a move to Juventus, but also know Valencia need to sell quickly and the Turin club will probably try every trick in the book to get the price down.

This transfer remains a slight possibility for Wolves, but the weight of reporting suggests they’re simply looking at the situation right now.