Adama Traore is pushing for a move to Tottenham before the transfer window closes, according to reports.
The Spain international is the subject of interest from Nuno Espirito Santo, his former manager at Wolves.
Mendes has proposed a £34m move to Tottenham for Traore, with Wolves then given the chance to sign Goncalo Guedes as a replacement.
The Valencia winger would be available for around £21.5m, but both Premier League clubs would have to move fast to put everything in place.
It is also unclear whether Tottenham have the funds to meet a £34m asking price.
"When I was here before, my favourite day was to stay up watching TV on Deadline Day until 11pm to see what happens on the last day," Wolves boss Bruno Lage told Sky Sports at the weekend.
"Of course, we want to keep Adama. We are doing well, but we are few in number, we need more players. I don't think about anyone leaving, I want to think about guys coming in.
"We need to be there, we need to be competitive. If we miss out on one player, at night everyone, me, the chairman, the fans, we go to sleep at night because we have another one to go for."
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