The 29-year-old has recently been renamed as captain at Molineux following Roger Johnson's demotion.
Black Cats boss Martin O'Neill could now move for the player at the end of the season, according to The Mirror.
Henry, who has also been linked with a switch to West Bromwich Albion, joined Wolves in 2006 from Stoke City.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Leeds UnitedLeeds | 32 | 20 | 9 | 3 | 66 | 19 | 47 | 69 |
| 2 | Sheffield UnitedSheff Utd | 31 | 20 | 6 | 5 | 43 | 22 | 21 | 64 |
| 3 | Burnley | 31 | 16 | 13 | 2 | 37 | 9 | 28 | 61 |
| 4 | Sunderland | 31 | 16 | 11 | 4 | 47 | 28 | 19 | 59 |
| 5 | West Bromwich AlbionWest Brom | 31 | 11 | 14 | 6 | 41 | 28 | 13 | 47 |
| 6 | Blackburn RoversBlackburn | 31 | 13 | 6 | 12 | 35 | 31 | 4 | 45 |
| 7 | Middlesbrough | 30 | 12 | 8 | 10 | 49 | 39 | 10 | 44 |
| 8 | Coventry CityCoventry | 32 | 12 | 8 | 12 | 42 | 40 | 2 | 44 |
| 9 | Norwich CityNorwich | 32 | 11 | 10 | 11 | 50 | 44 | 6 | 43 |
| 10 | Bristol City | 31 | 10 | 12 | 9 | 38 | 36 | 2 | 42 |
| 11 | Sheffield WednesdaySheff Weds | 31 | 11 | 9 | 11 | 44 | 48 | -4 | 42 |
| 12 | Watford | 32 | 12 | 6 | 14 | 42 | 48 | -6 | 42 |
| 13 | Queens Park RangersQPR | 32 | 10 | 11 | 11 | 35 | 41 | -6 | 41 |
| 14 | Millwall | 30 | 10 | 10 | 10 | 30 | 27 | 3 | 40 |
| 15 | Preston North EndPreston | 31 | 9 | 13 | 9 | 34 | 38 | -4 | 40 |
| 16 | Oxford UnitedOxford Utd | 32 | 9 | 11 | 12 | 34 | 45 | -11 | 38 |
| 17 | Swansea CitySwansea | 31 | 10 | 7 | 14 | 33 | 42 | -9 | 37 |
| 18 | Portsmouth | 32 | 8 | 9 | 15 | 39 | 55 | -16 | 33 |
| 19 | Stoke CityStoke | 30 | 7 | 11 | 12 | 28 | 37 | -9 | 32 |
| 20 | Cardiff CityCardiff | 31 | 7 | 10 | 14 | 34 | 53 | -19 | 31 |
| 21 | Derby CountyDerby | 32 | 7 | 8 | 17 | 33 | 42 | -9 | 29 |
| 22 | Hull City | 30 | 7 | 8 | 15 | 31 | 40 | -9 | 29 |
| 23 | Luton TownLuton | 30 | 7 | 6 | 17 | 30 | 49 | -19 | 27 |
| 24 | Plymouth ArgylePlymouth | 30 | 5 | 10 | 15 | 29 | 63 | -34 | 25 |
| > Championship Full Table | |||||||||
