Wolves will not stand in Neto's way if a Champions League club tries to sign him this summer, talkSPORT understands.
However, the Molineux team will demand a club record fee for the services of the Portuguese international.
That rate would exceed the price that city of manchester paid £53m for Matheus Nunes last summer.
Neto has been a shining light under Gary O'Neil this season and has caught the attention of Arsenal and Tottenham.
The 23-year-old has been sensational so far, managing eight assists in 15 Premier League appearances.
Wolves found themselves having to offload players to comply with FFP regulations despite the sale of Nunes last summer.
Wolves are on the verge of breaking even under the Premier League's strict profitability and sustainability rules.
And O'Neil is desperate for funds to sign a striker and a defender in the summer transfer window.
It means Neto's sale can help the Midlands club comply with PSR rules and also help bring in a couple of players ahead of next season.
The 23-year-old is arguably Wolves' best asset and is tipped to become a Premier League star.
Injuries have been cruel for the speedy winger, who has been blessed with great vision, creativity and skill.
Arsenal have been long-time admirers of Neto, as well as Tottenham, but Spurs would need to finish in the top four to have a chance of overtaking their north London rivals for his signature.
Wolves are only willing to accept offers from Champions League clubs, something Arsenal are on course to do next season as they challenge for the Premier League title.
Liverpool They were also interested in 2021 and were willing to make an offer for the former Braga star.
And with Mohamed SalahAlthough the future is still up in the air, there could be a good chance the Reds will revisit their former transfer target.