Kenny Jackett will not veto Kevin Doyle's proposed move to Hull City, if terms can be agreed with the Premier League club.
Wolves boss Jackett is prepared to sanction the departure of the Republic of Ireland striker to further ease the pressure on the League One club's wage bill, despite starting the 29-year-old in Saturday's 4-0 win over Gillingham.
Hull manager Steve Bruce is eager to add Doyle to his squad ahead of the start of the Premier League season against Chelsea at the weekend, but appears reluctant to pay the £3 million asking price.
Celtic remain interested in the former Reading striker, but have also baulked at Wolves' financial demands and both clubs appear reluctant to match Doyle's current salary which is reported to be around £40,000-a-week.
Doyle may be forced to accept a pay-cut to trigger his departure from Molineux, but there has been no official offer from Hull or Celtic which has met Wolves' valuation.
"There is no update with Kevin Doyle as it stands. There is nothing new in terms of bids or whether there is anything imminent," Jackett said.
"On players going out we will see. You don't sell players, other people buy them and we will see.
"As we run up to September I am sure one or two things will happen with players moving on, but we will have to wait.
"He had a great hour against Gillingham and I was very pleased with that, but there has been no developments further than that."
Doyle is keen to move on from Molineux to preserve his international status with Giovanni Trapattoni's Republic of Ireland squad and the Italian believes he needs to be playing at a higher level.
Trapattoni has not used Doyle in competitive action since the 1-0 friendly defeat against Greece last November and he has been left out the squad for Wednesday's friendly against Wales despite Robbie Keane and Simon Cox being unavailable.
"I have Doyle in my heart. I promise him we will continue to follow him, but it is important to look around, with players like Paddy Madden and Simon Cox we can look to the future. We have many strikers," Trapattoni said.
"If I had called him [Doyle] in for this game, maybe he would be on the bench and not play which would not help his confidence and I have to do what I feel is right."
When asked if a move before the end of the transfer window improve his chances, Trapattoni added: "It would be better as he can try and regain confidence.
"Many times I have said to you that strikers depend on the support of their team. Without the team to give you the ball to score it is impossible.
"Kevin is an intelligent player. I think it is important for him to get another opportunity, whether the money is 20% more or 20% less. It's important to go to a club to play. It depends on his agent."