9:00PM BST 02 Aug 2012
Fulham manager Jol is keen to offer Jarvis, 26, a swift return to the Premier League and tabled a bid earlier this week but Wolves have rejected it and are demanding at least £10 million for the England international.
Wolves have also turned down offers this week from Sunderland for Steven Fletcher and Stoke City for Michael Kightly and are determined to fight a rearguard action to keep their leading players at Molineux.
West Ham failed with a £4 million bid for Jarvis in June and Fulham have become the latest Premier League club to make a formal offer.
Jol has made an improved bid for Rhodes, the Scotland international, that could eventually rise to £4 million after his opening gambit was snubbed by the Championship club.
The latest bid will see Fulham pay an initial £2 million with the remainder consisting of add-ons if it is agreed. Blackburn have also shown their intent by submitting an offer for the forward, who scored 40 goals in all competitions last season.
Steve Kean, the Rovers manager, will be without Leon Best for at least six months after the £3 million signing suffered a knee injury in Sunday's friendly against AEK Athens and has moved swiftly for Rhodes. Huddersfield value Rhodes at £6 million and Blackburn's offer is believed to be a guaranteed £3m down payment.
