The Serie A club have renewed their interest after an initial proposal failed to convince Wolves, with the Premier League side now weighing up whether to retain the 25-year-old or cash in amid growing interest from Europe.
According to Africansoccer.com, Fiorentina's latest proposal is a loan deal with an option to buy, with the total package potentially worth €22 million.
The Italian outfit hope the revised structure will persuade Wolves to enter serious negotiations as they look to strengthen their attacking department ahead of the new season.
Arokodare has attracted widespread attention following his impressive performances in recent seasons, establishing himself as one of Nigeria's most exciting attacking talents.
His combination of physical strength, aerial dominance and clinical finishing has also earned him a place in the Super Eagles setup.
While Wolves are yet to make a final decision, Fiorentina remain optimistic that an agreement can be reached. The Viola believe Arokodare possesses the qualities needed to make an immediate impact in Serie A and have identified him as a key transfer target.
Negotiations between the two clubs are expected to continue in the coming days as Fiorentina push to secure the striker's signature before the start of the new campaign.
Mamelodi Sundowns have reportedly identified Nigerian striker Sunday Adetunji as a potential addition to their squad as they continue strengthening for the 2026/27 season.
Aston Villa have stepped up their midfield overhaul by completing the 38 million pounds signing of Joao Gomes from Wolves, with the Brazilian becoming the club's second major midfield arrival in the space of a week.
Former Super Eagles goalkeeper Theophilus Afelokhai has backed Stanley Nwabali's decision to return to Chippa United, saying regular first-team football is more important than waiting for a move abroad.
Fiorentina have confirmed the signing of Bournemouth defender Alex Jimenez on a season-long loan, with the Serie A club holding an option to make the deal permanent.
