The Wolfe have already signed Ivan Perisic from Borussia Dortmund, but they are looking to make one more attacking signing in January, and they see the 29-year-old as a valuable addition.

Wolfsburg saw a €10 million offer for the forward turned down in the summer transfer window, but they have since continued to monitor Quagliarella's situation at Juve.

A second offer has now proven unsuccessful as well, though, as the Serie A leaders have no intention of selling the former Napoli star, with their own striking pool relatively shallow.

Quagliarella has netted six goals in 13 Serie A appearances this term, and head coach Antonio Conte sees him as an important first team member.

The striker's contract with the Bianconeri runs until the summer of 2015.