After being recruited for £35 million as an unproven 18-year-old four years ago, the forward has failed to justify his high price.
The Portugal Under-21 international has been loaned out on three occasions, and in 72 appearances for Wolves, he has only tallied five goals and six assists.
Silva most recently played for Rangers during the latter half of the 2023-24 season, but he only scored six goals in 25 appearances for the Glasgow heavyweights.
Gary O'Neil has already determined that the former Porto youngster does not feature in his plans, and he is now back at Molineux anticipating his next move.
Wolves actively seek proposals for Silva's signature to secure a permanent exit, as he has yet to participate in a single minute of pre-season football.
A transfer expert, Fabrizio Romano, stated that club officials are willing to consider loan agreements that include a mandatory purchase option for interested clubs.
Wolves anticipate these terms will motivate additional clubs to submit formal bids, as they have already declined Genoa's offer.
The Premier League's Profit and Sustainability regulations have significantly improved Wolves' position, which means they are no longer required to take such a firm stance on a deal due to the sales of Max Kilman and Pedro Neto.
Manuel Pellegrini is searching for a new striker as the club prepares to enter the Europa Conference League knockout round, as Ayoze Perez has recently departed for Villarreal.
Werder Bremen is also rumored to be in the running, as they aim to improve upon their ninth-place finish in the Bundesliga last season.
Silva could delay his decision until later in the month, as he knows that other clubs' proposals are imminent.
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