With a week remaining until the start of the new Premier League campaign, Wolves appeared to be content with the make-up of their first-team squad.
Despite the departure of club captain Max Kilman, other star players had remained at Molineux until there were developments regarding the future of Pedro Neto.
On Friday afternoon, it was widely alleged that Chelsea had agreed to pay Wolves a fee of £54m to sign the Portugal international.
That deal is expected to be confirmed over the next 48 hours with Gary O'Neil in line to be left with a substantial war chest to spend on a replacement and other top targets.
Galeno added to Wolves shortlist
In the hours after the Neto news broke, it was claimed that Ajax playmaker Carlos Forbs had been shortlisted as a potential alternative to Neto.
According to HITC, Galeno also features on that shortlist as speculation persists regarding a transfer for the in-demand playmaker.
Earlier this week, it was reported that Juventus and Nottingham Forest were each monitoring any developments with the future of the Brazil international.
While Juventus are said to have alternatives in mind, Forest have allegedly already failed with an approach for the 26-year-old in recent days.
Porto reportedly have no intention of selling one of their key players for anything less than €40m (£34.27m), while there is a £51m release clause in his contract.
Wolves may plausibly be prepared to commit to getting a transfer over the line should the Neto deal go through as expected, depending on whether they view Galeno as a first-choice pick or squad player.
Would Galeno be worth the money?
With Galeno having plied his trade in Portugal throughout his career, there will be an element of risk if any club pulls the trigger over the coming weeks.
Nevertheless, he boasts a return of 35 goals and 21 assists from 123 outings for Porto, as well as seven strikes and six assists in 15 Champions League appearances.
The winger scored a wonder goal to earn Porto a 1-0 victory over Arsenal in the first leg of their last-16 tie in February, a contribution that helped earn his first cap for Brazil against Spain the following month.