Creating a Wave in WMS based on Lot Status

Hi All,

We are in the process of implementing WMS 12.1.3.  We are looking to exclude order lines from the wave which have reserved lot against them but are in in Hold Reservable status.

Is there a way to plan the wave such that order lines which have reserved lot against them but but if the lot is not in Approved status , the wave would not pick up those lines or even if it does some kind of error message is displayed to the user informing him why

the lines got backordered. Below is an example lot status which should not be picked up by the wave creation process but if it does some meaning message should be displayed to ther user when the release fails. The release process does fail and the line is backordered but since the lot status is not included as a column in the order lines section, it is difficult for the user to understand why the line got backordered.Any help would be great