Wolves boss Mick McCarthy has confirmed that he will allow Andy Keogh to leave Molineux if any club matches his £2.5million valuation of the player.
Doncaster Rovers boss Sean O'Driscoll has said he is interested in the 24-year-old Republic of Ireland international while Leeds are also keen to bring him back to Elland Road.
However, McCarthy said: "I always find it strange when managers talk about other team's players. Doncaster have signed Billy Sharp and, if they want to pair them up, then they have a lot of things to do.
"First, contact us and make a proper bid. Secondly, if we accept it, then they can speak to Andy, and that might not be the easiest thing in the world.
"It might not be his desire to play with Billy Sharp or go to Doncaster. I think he'll want to stay in the Premier League. He was our best player at the start of last season.
"As I tell all the players, the team that started last season didn't finish it. So if they want to do something, they've got to contact me.
"Not contact me and ask - 'Is he available?' because we know he is, they've got to say 'We want him and we want to bid x-amount.' That's how it goes. If they don't, then nothing will happen.
"There's no chance of him going out on loan. What would be the benefit to us? I only had 20 training yesterday, so I haven't even got my squad of 25.
"Loaning players out? No. Clearly, if we've got 25 players before the end of the transfer window, and somebody isn't going to be in my squad, then it will be beneficial for him and for us for him to go on loan. But that's not the case yet."