The 29-year-old was linked with a move to Celtic Park on transfer deadline day as Gary Hooper's future at the Scottish club continued to be speculated, with Norwich City reportedly suffering five rejected bids for the frontman.
Neither player ultimately switched clubs but Doyle concedes that a move to the Bhoys would have appealed to him.
"They are in a fantastic position, going into the Champions League last 16 and at the top of their league, and it would have been a great opportunity at a massive club for four or five months," said Doyle. "But, in the end, the chairman at Wolves convinced me that they wanted me to stay on, so it was as simple as that.
"Once the club decided I was staying, that was it, that was the end of it. It's a very good club, Wolves, a very big club. The aim was to get back promoted.
"It's not going to happen this year now, but I still have two and a half years of my contract with Wolves and hopefully in that two and a half years, we can get ourselves promoted and back to the Premier League."
Doyle joined Wolves from Reading in the summer of 2009.