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The 29-year old defender has been a long time target of Wanderers manager Sam Allardyce who first showed an interest in the player following the Trotters promotion to the Premiership nearly three years ago and could make a move for the player given the fact that he won't cost a transfer fee.
Along with current Wanderer Javi Moreno, Tellez was a member of the Alaves side to reach the 2001 UEFA Cup Final where they narrowly lost out to Liverpool and lists Moscardo, Aranjuez, Pontevedra, Valencia and Villareal amongst his former clubs, he has been linked to West Ham United and Tottenham Hotspur in recent years and is a tough tackling centre half.
Meanwhile the club are said to be interested in resurrecting the career of Brazilian striker Marcio Amoroso following his release from German club Borussia Dortmund. The player had his contract with the Bundesliga outfit terminated by mutual consent following a number of clashes with club personnel and is currently looking for new employers.