According to the Lancashire Telegraph, Paterson, whose contract comes to an end in five days, will be speaking to a number of clubs over the next week and these clubs are believed to be Birmingham, Charlton, Huddersfield, Ipswich and Middlesbrough as well as Wolves.
Although a move now looks to be the likely outcome, Burnley are still hoping to persuade Paterson to stay with the Clarets but the suggestion is that, although he's been asked to take a pay cut, it is more him wanting regular football as a striker.
At times last season he was in and out of the team and there was also the period when he was asked to play on the left hand side.
Signed by Owen Coyle in the summer of 2008, the manager's first permanent signing for the club, he was the leading goalscorer in his first season with 12 league goals. However, a series of injuries severely interrupted his next three seasons and it was only last season that he was able to resume his career and he went on to appear in 39 of our league games with 28 of those being from the start.
Over the weekend he was linked, along with Chris McCann, with a move to Wigan where Coyle has now been installed as manager. That seems to have been wide of the mark.
For now, Paterson remains a Claret but his time with Burnley does look to be very much coming to an end.
Source: Clarets Mad