The 26-year-old forward spent the second half of last season on loan at Barcelona where he contributed four assists in 11 appearances, but he returned to Molineux Stadium in the summer after the Blaugrana elected against a permanent transfer.
Despite being linked with a move away over the most recent transfer window, the Spain international has remained with the West Midlands outfit.
With less than 12 months left to run on his current contract, the Spaniard continues to be the subject of transfer speculation.
The aforementioned report suggests Juventus are considering making a move for Traore at the midway point of the campaign after being alerted by his lack of game time under Bruno Lage.
Traore could potentially sign a pre-contract agreement with the Old Lady at the turn of the year, with the Italian outfit looking to provide competition for Juan Cuadrado.
Traore has scored 12 goals and registered 18 assists in 159 appearances for Wolves.