Wanderers boss Mick McCarthy made attempts to sign Sharp in the summer from Scunthorpe United but were beaten to the signing by Sheffield United.
Since then the former Blades trainee has failed to cement a place in the first team and despite a rare substitutes appearance in the 1-0 home defeat to Plymouth Argyle has seen the Barnsley born boss linked with another move for the forward.
It may however come at a cost and may have to part with star midfielder Seyi Olofinjana if he plans to land his target.