Matheus Nunes, a Portuguese midfielder for Sporting Lisbon, will join Wolves for a club-record €45 million (£38 million).
Numerous elite clubs in Europe have their eye on the 23 year old Nunes.
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Nunes has eight national team appearances under his belt and is anticipated to make the World Cup roster this year.
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Nunes has made 76 appearances in Portugal’s Primeira Liga and scored seven goals since joining Sporting in January 2019.
Completing the transfer, which would surpass the £35.6m paid to Porto for Fabio Silva in 2020, may help ease some of the tension building up within Wolves’ fan-base.
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