Wolves boss Kenny Jackett insists there has been no approach for Roger Johnson from Sheffield Wednesday.
But the Owls are continuing to monitor the situation of the defender, who spent four months of last season on loan at Hillsborough.
Jackett confirmed he had received a call from Stuart Gray as recent as yesterday but said it was merely a general enquiry about players.
He said: “There hasn’t been any advancement. I had a call before we started training yesterday from Stuart Gray.
“That was just a general enquiry on a number of players
“But I spoke with Kevin Thelwell (director of football development) this morning and nothing was mentioned.
“Neither of us have had any contact or calls.
“It may be at a level where Jez Moxey is talking to his (Johnson’s) agent.
“Whether something has developed today, I don’t know,” added Jackett, who is currently in Ireland with the Wolves squad.
“But you’d assume there would be interest because he did very well at Sheffield Wednesday last year.
“He’s very well thought of there, definitely – Stuart Gray speaks well of him.”
Gray has admitted to the Star that Johnson remains on his target list with a new centre half one of his main priorities.
He said: “We are still looking at that. We are exploring all avenues.
“Centre-back is an area we definitely need to strengthen.
“We need to bring in a minimum of one quality centre-half in.
“The pleasing thing is Sam Hutchinson showed against York he can play there.
“I think he and Loovens can compliment each other.”
For Johnson to re-join the Owls, he would likely have to accept a significant reduction in his wages, as he did when he signed on loan last September.
Johnson has not travelled with the Wolves squad on their Irish pre-season trip.
He is currently training in Wolverhampton with around half a dozen fellow club outcasts – known as the ‘bomb squad’ – who Wolves are keen to shed from their wage bill, including Jamie O’Hara and Kevin Doyle.
Such are wolves eager to rid themselves of the group, they have taken on former England winger Steve Hodge as a part time coach to keep them in prime shape.