Wolves currently have a goalkeeper crisis, as first choice stopper Matt Murray is out injured, leaving Michael Oakes and 17 year old Carl Ikeme, who manager Dave Jones doesn't believe is anywhere near ready, as their only fit 'keepers.
Jones was furious when the Premier League refused him special permission to sign a goalkeeper outside of the transfer window, but rules state they are allowed to sign players from a club in administration.
It was feared that Wolves would come for Notts' first choice stopper, Steven Mildenhall, but it appears they've gone with the Irish under 21 international instead.
If Wolves do decide to sign Deeney Notts will be entitled to compensation, but the strange thing is, he'll be going to a Premiership side to sit on the bench, but for a struggling Division Two side he is just third choice.
Strange indeed, but Deeney will be a loss. And despite Dearden stating that he and Deeney had agreed a deal for when Notts come out of administration, it's still doubtful that the youngster would turn down a move to the Premiership.