The Colombia attacker arrived in the summer from Fluminense to replace Manchester United-bound Matheus Cunha.
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However, Arias has struggled to make an impact and with Wolves now preparing for relegation, they're ready to offload the player as early as January.
Watching developments are Palmeiras, which are keen to ferry Arias back to the Brasileiro.
For his part, the £19m signing wants to stay. However, Wolves management are currently favouring cutting their losses, says talkSPORT.
