Earlier this summer, Alfredo Morelos was strongly linked with a move to French side Lille but now report says the Rangers star is being lined up by Porto to replace new Wolves signing Fabio Silva.
A move has so far failed to materialise and he has remained with Rangers, although he was criticised by Steven Gerrard.
Rangers still have Kemar Roofe, Cedric Itten and Jermain Defoe to call upon which could allow them to let Morelos leave if their valuation is met.
According to the Daily Record, the Portuguese side were impressed by the Colombian striker was when they came up against him in the Europa League last season.
On Saturday, Wolves announced they shattered their transfer record to sign highly-rated 18-year-old Silva.
Silva, who signed a five year deal, only made his debut for Porto last season and scored once in 12 appearances.
In 2019, he scored an impressive 33 goals in 39 games as Porto’s under-19s won the UEFA Youth League and Portuguese under-19 championships.