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Former Real Madrid defender Pepe could make a surprise move to Wolves in January.

The Portuguese defender, 35, had his contract terminated by Besiktas earlier this month due to ongoing financial issues.

Pepe is a client of Jorge Mendes and was linked with a move to Molineux in the summer.

He opted to remain with the Turkish club but was one of their highest earners after signing a two-year deal following his Real exit.

And Record reports Wolves could launch a bid to sign the defender when the January transfer window opens.

The newly-promoted side have swooped to sign a number of Portuguese players - and fellow Mendes clients - in recent years.

Wolves are currently seventh after an impressive start to the Premier League season.

Nuno Espirito Santo's men have won their last three games and host unbeaten Liverpool on Friday night.

Meanwhile it has emerged that Jose Mourinho was considering taking Pepe to Manchester United to fix his defensive problems.

(Image: Helios de la Rubia)

Mourinho has been axed by United with the Red Devils sat sixth in the table.

Mourinho remains a big fan of the defender who he managed during his time at Real.