On Tuesday, Traore was named in the group of players which will spend the next couple of weeks in a training camp in Spain as Wolves continue their preparations for the new campaign.
However, the 26-year-old's future is still very much up in the air with less than 12 months now remaining on his contract at Molineux.
With Chiquinho expected to miss the majority of the season with an ACL injury, there is a scenario where Wolves retain the services of the Spain international for the final year of his deal before his exit on a free transfer.
Nevertheless, according to Football Insider, the Wolves hierarchy are open to parting ways with Traore if they are able to generate a fee of £10m.
That would represent a significant loss for the West Midlands outfit, who signed Traore for a fee in the region of £18m back in 2018.
Furthermore, Wolves had hoped to sell the winger to Barcelona for £29m on the back of his loan stint at Camp Nou, only for the Catalan giants to turn down that opportunity.
However, with Ruben Neves seemingly increasingly likely to spend at least another season at Wolves, transfer funds need to be generated by other means.
That need has been strengthened by Bruno Lage finally seeing his squad boosted by a first-team arrival for £20.5m on Tuesday with Nathan Collins joining from Burnley.
The report adds that Traore has his sights sets on linking up with "a top-four club", something which appears unlikely given the respective business being conducted by those teams.
Everton are credited with having the most interest in Traore and would allegedly be prepared to meet Wolves' valuation for the attacker.
The Toffees are also very much in the hunt to sign fellow Wolves playmaker Morgan Gibbs-White, who is said to be contemplating the next move of his career.
Everton are said to have recently failed with a proposal worth £25m, but an improved offer may be made over the coming weeks with other clubs known to be monitoring the situation.