The 24-year-old has spent the season on loan at Metz and his dogged performances have caught the eye of scouts.
Monaco are preparing to sell N’Doram as they look to balance the books, and Metz would like to sign him permanently.
The former France under-21 international is waiting to see if Wolfsburg make an offer before deciding his future.
Monaco want €5m for N’Doram, who is under contract with the principality club until June 2023.
N’Doram made 20 league appearances for Metz this season, with a further two in domestic cup competitions.