Andreas Weimann will not be completing a permanent move to Wolves and is set to return to Derby.
Wolves had the option of signing the Austrian international forward this summer after he spent the second half of last season on loan at Molineux, where he scored three times in 21 appearances.
When Wolves announced their retained list last month, the club said it was still discussing the possibility of keeping Weimann.
However, the departure of head coach Paul Lambert, who previously worked with Weimann at Aston Villa, and the subsequent appointment of Nuno Espirito Santo appears to have scuppered any proposed deal.
Weimann said on Twitter: “Thanks to all players, staff and fans @Wolves for making me feel so welcome over the last 5 months – all the best for next season ?? #wwfc”
— Andreas Weimann (@andiweimann) 6 June 2017
Unless another club wants to sign Weimann, the 25-year-old is expected to report back for pre-season training with Derby on June 28.