The Brazil left-back is also on Flamengo's radar, with the 33-year-old's current contract at Wanda Metropolitano expiring in the summer
Filipe Luis is keen to remain at Atletico Madrid despite interest from both Paris Saint-Germain and Wolves, Goal Understands.
The 33-year-old will be free agent when his contract expires in the summer, with the Premier League and clubs. Seeing him as a decent addition to their respective squad, especially given there would be no transfer fee involved.
Flamengo, who were runners-up in the Brazilian top flight in 2018, Filipe Luis back to his homeland in the summer,
He will, however, consider his options with Flamengo, while he would likely be handed a one-year extension to the Wanda Metropolitan, if Diego Simeon's side grant him an extra year.
The lure of PSG is obvious, even though Filipe Luis may not play week in, week out for the Ligue 1 champions.
Indeed, there was interest in the left-backs in the past, the athletes said that, despite the announcement of permission to speak to the club in 2018, Athletes blocked the move and claimed they would be able to sign a replacement in time.
Wolves, meanwhile, hope Jorge Mendes, who shares a positive relationship with Atletico Madrid chiefs, is able to convince Filipe Luis to make the switch to the Premier League.
The former Chelsea previously spent a season in England at Stamford Bridge although he failed to cement at the regular spot in the Blues XI under-manager Jose Mourinho and was sold back to Athletes in 2015.
While Filipe Luis's future at Athletes is undecided, one man who will definitely be leaving in the summer is forward forward Antoine Griezmann.
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Despite snubbing a move to Barcelona in 2018, Griezmann has announced his decision to leave Simeon's side this summer, with a switch to Camp Now seeming to formality.
PSG and Manchester City had also been linked with Griezmann although Thomas Tuchel and Pep Guardiola both ruled out bids for France international forward.
Diego Godin and Lucas Hernandez are also departing, with the dairy already agreed to move to Bayern Munich, while Thomas Partey, Rodri, Saul Niguez and Juanfran have also been linked with moves elsewhere.