We considered the generation of gravitational waves by the binary system associated with a wormhole. In the Newtonian limit, the gravitational potential of a wormhole requires the effective mass of the wormhole taking into account radial tension effects. This definition allows us to derive gravitational wave production in homogeneous and heterogeneous binary systems. Therefore, we studied gravitational waves generation by orbiting wormhole–wormhole and wormhole–black hole binary systems before coalescence. Cases involving negative mass require more careful handling. We also calculated the energy loss to gravitational radiation by a particle orbiting around the wormhole and by a particle moving straight through the wormhole mouth, respectively.