The Black Cats have had previous bids of £10m and £11m rejected by the Championship club.
However, they are now prepared to offer what Wolves consider a fair price for the 25-year-old, according to the Sunderland Echo.
Fletcher scored 12 times last season as the Midlands side dropped out of England's top tier.
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 | |||||||||
