The 29-year-old was linked with a move to the runaway Scottish Premier League leaders following interest in current star forward Gary Hooper - with Norwich City failing with multiple bids during the winter transfer window.
Hooper is widely expected to leave Celtic in the summer after another prolific season - with 26 goals this term so far - and Lennon has eyed Doyle as an ideal replacement.
"I'm a big admirer of Kevin obviously - I tried to take him in January," Lennon told reporters. "I think he's a quality player. He is that all-round type of centre-forward that I really like.
"I can't talk about another club's player - I don't want to disrespect Wolves. But we wanted him. I’ll think about [a summer bid]."
Another striker who has speculation surrounding his future at Parkhead is Anthony Stokes, but Lennon moved to quell talk of an exit from the Scottish giants, adding: "Anthony is a very important player for us."