Wolverhampton Wanderers have turned down a transfer offer from Leeds United for striker Jorgen Strand Larsen, insisting the bid fell far short of their £40 million valuation.

The Norway international, who has struggled to make an impact in the Premier League this season, remains available for the right offer, as Wolves look to reshape a squad that sits at the foot of the table.

The 25-year-old, who joined permanently from Celta Vigo last summer for £23 million after a loan spell, has scored just once in the league this season.

His recent FA Cup hat-trick against Shrewsbury raised his seasonal tally to six goals, but tensions with fans and inconsistent performances suggest he may not stay long at Molineux.

“Wolves are willing to sell the Norway international if they receive an acceptable offer during the transfer window,” sources close to the club said.

Strand Larsen’s departure has been anticipated after Newcastle attempted to sign him in August, including bids of £50 million and £55 million, which failed.

Meanwhile, other Premier League clubs, including Nottingham Forest, West Ham, and Crystal Palace, have expressed interest in the striker in recent weeks.

Wolves are also exploring moves elsewhere. Defender Emmanuel Agbadou could be on his way to Besiktas, with talks ongoing over a transfer fee. The Turkish club’s latest bid stands at £13 million, below Wolves’ £17 million asking price.

Midfielder Joao Gomes has drawn interest from Napoli and Atletico Madrid, though he could remain at the club until the season’s end.

At Old Trafford, Manchester United are seeking to reopen negotiations with midfielder Kobbie Mainoo over a new contract designed to bring him in line with senior squad members.

The 20-year-old’s current deal runs until 2027, with an option for an extra year. Discussions have yet to begin, and Mainoo’s willingness to commit remains uncertain, following his well-publicised desire for a loan move last summer.

Despite limited Premier League opportunities under former boss Ruben Amorim, Mainoo has been reintegrated into the first team since the Portuguese coach’s departure.

He started in United’s FA Cup third round defeat to Brighton and retained his place in Michael Carrick’s first game in charge, a convincing Manchester derby victory over City.

Mainoo’s long-term potential was highlighted when he contributed to United’s 2024 FA Cup final win over City and featured in England’s Euro 2024 final loss to Spain. Yet, the lack of a new deal and his treatment under Amorim had left questions about the club’s commitment to him.