Transfer news: Newcastle United head trio of Championship clubs interested in Wolverhampton Wanderers star Conor Coady
Chinese company Fosun International purchased the Championship side for £30m and are set to overhaul the squad with the help of super-agent Jorge Mendes.
The 23-year-old, who made 39 appearances last season, has already been frozen out in pre-season as Kenny Jackett looks to reshape his squad.
Coady could be reunited with his former Liverpool boss Rafael Benitez at Newcastle United as they look for an immediate return to the top flight.
Meanwhile, ambitious Sheffield Wednesday – who missed out on promotion via the play-offs last season – and Queens Park Rangers are also keen if the player is told he can leave the West Midlands.
Coady’s agent, James Lippett of World in Motion, told talkSPORT: “Conor has been outstanding over the past two seasons in the Championship.
“I have no idea why he has suddenly fallen down the pecking order at Wolves, but I’m sure that there will be good clubs that will want Conor if Wolves do not.”