It's believed Wolves are due to speak to the 21-year-old today in a bid to convince him to move to Molineux from the Premier League champions. After a year at the Midlands club, Karanka's Boro signed him. It is a team with a big history and when people tell me I had the possibility of coming here I thought it was great.
He scored five goals and provided ten assists last season.
"I like to work hard and push myself every day".
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The Spain Under-21 worldwide moved to Aston Villa in 2015 but struggled with consistency before being left out of the side due to disciplinary issues as the Villains were relegated.
Wolves finished top of the Championship table last campaign by nine points ahead of fellow promotion-winners Cardiff in second place with Fulham earning promotion via the play-offs.
Traore becomes Wolves' fifth summer summer following the arrivals of Rui Patricio, Jonny Castro Otto, Joao Moutinho and Raul Jimenez.
Wolves have agreed a deal in principle with City for Ukrainian utility man Zinchenko - who could play at left wing back or central midfield.