The ex-Manchester City man departed Bayern Munich at the end of his contract earlier this year and was previously linked with moves to both Arsenal and Tottenham Hotspur.
Boateng instead elected to join Ligue 1 powerhouses Lyon on a free transfer, but the 33-year-old is also said to have been the subject of interest from non-Big Six Premier League sides.
According to BILD journalist Christian Falk, Wolves made an attempt to bring Boateng to the club this summer, but the defender opted to pen a two-year deal with Lyon.
Wolves can only boast one win from their opening four matches of the Premier League season, but they have only conceded three goals in that time with Max Kilman, Conor Coady and Romain Saiss at the heart of defence.
Boateng made his debut for Lyon as a substitute in the weekend's 3-1 win over Strasbourg, despite being found guilty of assaulting his ex-girlfriend a few days prior.
The former Germany international previously scored 10 goals in 363 games for Bayern during a glittering 10-year spell, winning nine Bundesliga titles and two Champions Leagues in that time.
CSKA Moscow 
Rubin 
Slovan Bratislava 
AC Milan 
Sparta Praha 
Atletico Madrid 
Valencia 
Barcelona 
Stade Brestois 29 
Bayer Leverkusen 
Red Bull Salzburg 
Bayern Munich 
Paris Saint Germain 
Inter 
RB Leipzig 
Manchester City 
Feyenoord 
Sporting CP 
Arsenal 
FC Rostov 
Spartak Moscow 
Aston Villa 
Juventus 
Celtic 
Club Brugge 
Dinamo Zagreb 
Borussia Dortmund 
Liverpool 
Real Madrid 
Monaco 
Benfica 
PSV 
Shakhtar Donetsk 
Lokomotiv Moscow 
Dinamo Moscow 
Anderlecht 
FC Porto 
AZ Alkmaar 
Galatasaray 
Dynamo Kyiv 
Viktoria Plzen 
Lazio 
Ludogorets 
Qarabag 
Lyon 
FC Heidenheim 
Chelsea 
FC Midtjylland 
Eintracht Frankfurt 
Manchester Utd 
Bodo/Glimt 
Nice 
Rangers 
Real Sociedad 
Ajax 
Tottenham 
Roma 
Fiorentina 
Pafos FC