Wolves will hold talks with Michael Mancienne about his future before the end of the season.
Mancienne is currently on loan at Wolves until the end of the season from Chelsea after being allowed to go out on loan to continue his development.
The England Under-21 international has previously indicated he would be happy to extend his stay at Molineux and McCarthy plans to make a decision on the defender's future in the next few weeks.
McCarthy told the Daily Mirror: "We won't just let the season end without speaking to Chelsea or Michael - whether we say 'Thanks and good luck' or if we'd like to do something else."
Mancienne is currently on loan at Wolves until the end of the season from Chelsea after being allowed to go out on loan to continue his development.
The England Under-21 international has previously indicated he would be happy to extend his stay at Molineux and McCarthy plans to make a decision on the defender's future in the next few weeks.
McCarthy told the Daily Mirror: "We won't just let the season end without speaking to Chelsea or Michael - whether we say 'Thanks and good luck' or if we'd like to do something else."
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