According to the "Daily Mail" news, the Wolves will give team captain Cody a new contract.
Cody's current contract with the Wolves will expire in three years, but the two sides are already negotiating to renew the contract.
Cody will get a better-paying contract, and his current weekly salary appears to be £50,000.
Caudi’s current contract was signed in February last year. If the renewal is completed, he will narrow the gap with the top players Jimenez, Patricio and Moutinho.
After the Wolves returned to the Premier League, Cody has not missed a league game, and he played 57 games in 59 games of the Wolves team last season.
Caddy was also selected for the England squad last month and made his debut in the UEFA Nations League this month.