The club are looking for a replacement for Patrick Mtiliga, who has joined Malaga on a free transfer.
Molyneux started his playing career at Everton before a long standing back injury which kept him out of the 2007-2008 reserve season saw him move on to a two-and-a-half-year contract at Southampton.
Molyneux made his Southampton debut against Barnsley on January 10th 2009. The out of favour left back will surely struggle for a first team start under Wotte and could be the beginning of a clear out which Le Tissier has been talking about.