Duberry is in talks with Leeds in order to reach an agreement over the remaining two years of his contract.
The former Chelsea defender has spoken to Wolves officials and could join the Midlands outfit later this week, should he come to a compromise with Leeds.
"Wolves have tried to sign him and we've tried to agree a compromise agreement, which is still ongoing," admitted his agent Phil Graham to Skysports.com.
"Wolves are the only ones who want to sign him at the moment. He's talked to Wolves and if a deal can be done than he will go there. We've been talking about it for four weeks now."