The Mirror says the champions-elect have enquired about the 24-year-old Spaniard, who has made a huge impact at Molineux this season.
A £100million cheque for the duo would be scant consolation as Wolves look to break into the top six.
Traore signed from Middlesbrough two years ago for £18m.
He would be tempted by the chance to become a part of Jurgen Klopp's trophy-winning squad.
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