While no offer has been tabled, Leeds have registered their interest with Wolves this week.
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Leeds have concerns over their Profit and Sustainability status, so any move will depend on making sales this month.
Wolves manager Rob Edwards has admitted in recent days: "While we are in the window there is always going to be speculation because we have got some good players.
“I haven’t said that (Strand Larsen will not move in January). I just said that every good player we have at the moment, there will be interest.
"If it’s right for the football club we will see, but at the moment there is nothing to talk about. He is showing his commitment to the football club.”