29-year-old Gustavo moved to Wolfsburg from Bayern in 2013. His contract with Wolves is valid until the summer of 2018.
Juventus have set their sights on the Brazilian after the midfielder of Zenit Axel Witsel chose to go to Turin, and in China.
Turin-based newspaper Tuttosport reports that Bianco-Neri offered to Wolfsburg for 2.5 million euros for the lease of Gustavo until the end of season with option to buy for 13 million
However, the German side refused, as it insists only on the sale of players is no less than 15 million euros.
In the present campaign on account of Gustavo 12 matches in the Bundesliga.