Wolves are closing in on the loan signing of Atletico Madrid’s Brazil forward Matheus Cunha.
The Premier League club, who have been talking to Cunha for several weeks, have reached a verbal agreement.
A loan deal for the 23-year-old would include an obligation to buy at the end of the season for a fee that could rise to 40m euros (£35m).
It is understood Atletico were open to letting Cunha leave after Champions League group-stage elimination.
The forward has eight caps for Brazil but has only played once for Atletico in the league this season.
New manager Julen Lopetegui wanted striking reinforcements for a squad that has only scored eight times in the Premier League this season.
Speaking after Wolves’ Carabao Cup fourth-round win over Gillingham, Lopetegui said: “I can’t confirm anything. We are interested in him [Cunha] and it’s possible you know more than me.
“I don’t have the updates, the official news, so I have to be professional. Of course he is a player that we want but we don’t have updates. When I have updates I am going to talk about him.”