Norwich City transfer target Billy Sharp has been told by Scunthorpe that he must sort his future out by the end of the week.

Norwich City transfer target Billy Sharp has been told by Scunthorpe that he must sort his future out by the end of the week.

The 24-year-old striker has been identified by Canaries boss Peter Grant as his No.1 transfer target and Scunthorpe have demanded Sharp indicates where his future lies by the weekend.

The Irons are determined to hold on to their hitman, who scored 32 goals for the Irons last season on their way to promotion to the Championship, and have offered him a new contract to try and keep the player at Glanford Park.

However, Scunthorpe chairman Steve Wharton has indicated the club would not stand in the way of a move as long as the interested parties matched their £2m valuation plus a number of add-ons.

Norwich and Wolves have matched this price and Sharp will be discussing over his options over the next few days with his family. Sheffield Wednesday dropped out of the race after they had a £1.5m bid rejected and manager Brian Laws has decided to look elsewhere for a striker.

It is understood that Wolves are currently in pole position to sign Sharp, who would link up with old strike partner Andy Keogh if he decided to plump for Molineux.

Wolves boss Mick McCarthy is a known admirer of Sharp and certainly has the financial muscle to offer attractive terms upon the imminent takeover from millionaire businessman Steve Morgan.

Meanwhile, Scunthorpe manager Nigel Adkins has said that he is looking to sign three strikers before the start of the season - but has not yet written off hopes of convincing Sharp to stay.

"It does not mean I am looking to replace Billy Sharp," he said. "Billy is still our player and we would love him to stay with us next season."

Sharp has always insisted that he will not be rushed into making a decision over his future, although Scunthorpe's stance could bring the matter to a head sooner than he would have liked.

He recently said: "I keep hearing this club and that club are interested, but I've not even had a chance to consider my new contract offer from Scunthorpe.

"It's great that clubs are interested and if the right club comes in then I would like to speak to them."