PSV has Hee-Chan Hwang of Wolverhampton Wanderers on a list of potential replacements in the event that Ricardo Pepi leaves. Eindhovens Dagblad states that reports linking Hee-Chan Hwang to PSV have a basis, but he is one of multiple names on the club's lists.

Hee-Chan Hwang has been suggested as a potential striker for PSV, a club that also approached him among other candidates in 2025. The 29-year-old South Korean international, who has made 75 appearances and scored 16 goals for his country, currently plays for Wolverhampton Wanderers. His club is in last place in the Premier League and may need to prepare for the Championship, which could lead to the high-earning Hwang being placed on the transfer list. During the 2023/2024 season he scored twelve goals, and his record this season is two goals and one assist from sixteen league matches. Hwang, who joined Wolves in July 2022, has a contract that is valid until June 2028 and a current Transfermarkt market value of €10.00m.