The former Aston Villa and Chelsea striker has been impressed with Traore for creating chances and providing assists for his Wolves teammates this season.
Cascarino, who now works as a pundit for talkSPORT, has described the former Villa and Barcelona winger as “a game-changer”.
Cascarino wrote in The Times: “Toughest call, with Salah, Willian and Mason Greenwood in the running. Scored only four goals, but has set up nine and has been a game-changer.”
Traore has developed into one of the best players in the Wolves squad and is one of the better wingers in the Premier League.
The 24-year-old is reportedly on the radar of Premier League champions Liverpool, with The Mirror reporting in June that the Reds want the winger and have already enquired about him.
It remains to be seen if Wolves are open to selling one of their best players this summer.