The Express & Star report that Wolves expect to conclude a deal with Leeds for the sale of Keogh in the next transfer window.
The on-loan striker has made a big impression at his old club and is currently keeping last season's top scorer Luciano Becchio out of the side.
The former United academy player appears to have no future at Molineux, with Wolves chief executive Jez Moxey admitting at the time of his transfer to Elland Road that “we’d prefer a sale for his sake but Leeds need some help so this loan is a good arrangement for everyone”.