Jurgen Klopp told the club that he wanted the Portuguese to stay at Anfield, with many at Liverpool holding high hopes for the 19 year-old's future.
However, the ambitious Camacho wants to feature in the Premier League now and Wolves could be the perfect place for him to do so.
An U19 international with Portugal, Camacho is under contract at the club until June 2020, but has declined several contract offers this season.
Now, he must consider if Wolves is the right place for him to continue his development, with Nuno Espirito Santo's side already boasting a strong Portuguese contingent.