Gary O'Neil's side have endured a dismal start to the new Premier League campaign, collecting just two points from their opening nine fixtures to sit 19th in the standings.
A rare positive occurred at the weekend, the West Midlands outfit rallying from two goals down against Brighton & Hove Albion to earn a share of the spoils at the Amex Stadium.
Nevertheless, despite an influx of talent being present in the squad, it has become apparent that further additions may be required at the midway point of the season.
With defender Yerson Mosquera having been ruled out for the rest of 2024-25 with a serious knee injury, a new centre-back will be the priority for the Wolves board.
Nevertheless, it appears that they are also giving consideration to making changes in the final third, despite having scored in eight top-flight fixtures in a row.
Chakvetadze on Wolves radar?
As per The Sun, there is a level of interest in negotiating a deal for Watford star Chakvetadze.
He has not necessarily produced the numbers expected of him at Vicarage Road, contributing just two goals and six assists from his 50 appearances.
Nevertheless, on the international stage with Georgia, the 25-year-old has chipped in with nine goals from his 33 outings.
As well as playing in all four Euro 2024 fixtures, Chakvetadze has played the same amount of games in the UEFA Nations League from September onwards.
That has kept his reputation on a relatively-high footing at a time when he is part of a Watford team that currently sit in seventh position in the Championship table.
Would Watford consider a sale?
With Chakvetadze holding a contract with the Hornets until 2029, any proposal would have to make logical sense for Watford when they are bidding for Premier League promotion.
Chakvetadze is said to have cost €2.5m when joining from Gent and Watford would expect to recoup a much bigger fee for his services now.
That said, the report alleges that they would demand in the region of £20m should Wolves or another club come knocking at the turn of the year.
Realistically-speaking, Wolves will not go that high when their recent spending has been restricted and at least one new centre-back is a necessity.