The Mirror report that the ambitious Premier League new-boys are keen to bring the highly-rated 25-year-old to Molineux, with manager Nuno Espirito Santo familiar with the South American attacker having managed him during his time with the Portuguese club previously.
The Mirror adds that the Colombian, who has spent the last three seasons out on loan at Rennes, Independiente Medellin and River Plate respectively despite being a Porto player, is a serious target for Wolves, who would be wasting their money if they sign a 29-year-old striker, with super-agent Jorge Mendes working on a deal to bring him to the west Midlands.
Should Quintero sign for them ahead of their top flight return, he would likely be competing with the likes of Diogo Jota for a spot in the starting XI.
He certainly would be, and we at Football FanCast believe he would be an even bigger success for them than Ruben Neves.
The 21-year-old scored six goals and provided one assist in 42 Championship appearances last term from the middle of the park, and he was hugely influential in them winning promotion back to the Premier League.
Meanwhile, Quintero has shown his quality for his country in Russia with one goal and two assists, playing as a No.10 and on the right wing.
There is no doubt that the diminutive attacker would bring some real quality to Wolves in the final third, although they will need to fight off competition for his signature from Real Madrid and Tottenham Hotspur first, according to The Mirror.