The Uruguayan coach says that the Premier League club were rebuffed as they look to fill the vacant manager position after Mick McCarthy's departure
The ex-Chelsea and Tottenham midfielder recently signed a five-year contract with the Seagulls having guided them from League One to the top half of the Championship.
And Poyet revealed that Wolves did make an inquiry into his availability, but said it presented him with a simple decision to make.
He said: "There was an approach but it came and went. I didn't have any decisions to make, anything to think about.
"I was not involved at all. It was not difficult for me, I was not involved at any time."
Yet despite this latest rebuff, Poyet did state that his ultimate aim would be to manage in the Premier League, with or without Brighton.
He continued: "I've said a few times that we all aim for the same - players want to play at the highest level, I want to manage in the Premier League.
"At the moment the easiest way will be in the next two or three years or whatever it takes with Brighton.
"If we don't then I need to move on because I want to manage at the top. I'm not going to lie to people. I don't want to wait 20 years but it doesn't need to happen now.
"If something happens or comes along I will think about it, talk to the chairman - he's the main one - and we'll see. These are all the things you cannot control so I'm relaxed about it."
However, he insisted that he was enjoying his time on the south coast and justified his recent contract extension at the club.
"I'm very lucky where I am," he added.
"I can get the players for the style I play, I can get involved in the new academy and part of the building of the new training ground.
"It's a great place to be. I'm saying I'm not in a hurry, I signed a long-term contract because I want to be here."