Bright Enobakhare’s chances of joining Coventry on a permanent basis could hinge on the Sky Blues’ financial position.
The 21-year-old Wolves forward has scored four goals in 11 games on loan at the Sky Blues after six games for Kilmarnock in the first half of the season.
Coventry boss Mark Robins is a big admirer of Enobakhare but suggests any move is up in the air.
Asked if there was a chance he could sign him permanently, Robins told www.wolvesbitecom: “Who knows? There’s a lot of water to go under the bridge yet.
“Bright’s contribution on the ball will never be underestimated because he’s an outstanding talent.
“He’s still got bits to do and lots to learn, but he’s a good player.
“He’s done well. On Saturday, the start of the game (1-0 home defeat to Oxford) was brilliant, the second half was less so.”
Enobakhare’s contract expires this summer, but Wolves have a 12-month option in their favour.
Head coach Nuno Espirito Santo played Enobakhare 26 times last season in all competitions, scoring twice, with 21 appearances in the Championship.
Coventry face the prospect of being without a home within weeks.
Their current deal with Ricoh Arena owners Wasps expires at the end of the season and they have no matchday income.
The rugby club refuse to enter negotiations over a new deal while City owners Sisu’s legal action against Coventry City Council over the sale of the Ricoh to Wasps continues.
If Sisu were to win that action, Wasps could be forced to pay an extra £30m for the stadium which could bankrupt the rugby club.
Unless a deal can be arranged between Coventry City and Wasps, or the Sky Blues can find an alternative venue for matches, they could find themselves kicked out of the Football League.
EFL bosses said Coventry must be able to provide the League with a suitable venue at which it can play its home games next season.