Wolverhampton Wanderers are set to open talks on a new contract with Jorgen Strand Larsen as the club looks to secure the Norway forward's future amid sustained interest from Premier League rivals.
The 25-year-old striker, who caught the eye last season with his performances, was the subject of two bids exceeding £50 million from Newcastle United over the summer.
Wolves, however, rejected both offers and are now keen to ensure that any future move for Strand Larsen meets their valuation.
As part of the new deal, Wolves plan to include a minimum release clause, a measure designed to protect their prized asset while giving the player security and clarity about his career path.
Club sources emphasise that negotiations are expected to be straightforward, with all parties confident of reaching an agreement.
Strand Larsen is set to remain a central figure in Wolves' attacking plans, with manager and fans alike hoping he can continue to make a decisive impact in the Premier League as talks progress.