The Wolves are in advanced talks to sign Portuguese striker Rafael Leao from AC Milan, according to reports in Italy.
Since joining Milan’s first team, the 22-year-old has become one of the most exciting prospects in Serie A.
Last season he scored seven goals and six assists in 40 games and helped the Rossoneri to second place in the table.
Any sale of more than £ 20 million ever made by a Premier League club
Leao has been linked with a move to the Premier League for several months Everton should also be in the race.
Italian source Calciomercato (above Sports lens) now claims wolves are in talks about a deal for the attacker.
The talks are progressing well and the Molineux side is ready to present an official offer “in the coming days”.
However, they are expected to miss Milan’s asking price with their opening bid.
The Italian giants estimate Leao at around 50 million euros. They are reluctant to sell their arguably best young player and if they do, they want to make a profit on the £ 26.5 million fee they paid for him two years ago.
Wolves are unlikely to be ready to hit this price tag as they broke their transfer record with a new attacker last year.
The Portuguese child prodigy was Fabio Silva signed by Porto in September for £ 35 million.
He was pushed into the first team after Raul Jimenez’s skull fracture and scored four goals in 32 Premier League games.
Although Silva is available and Jimenez is back in training, the new boss Bruno Lage seems interested in strengthening his attack options.
Wolves were first referred to as Leao possible replacement for Diogo Jota.
He joined Liverpool last summer and scored 13 goals in his debut season at Anfield.
Another thought on Lage’s wish list was Martin Braithwaite from Barcelona.
Reports surfaced earlier this week that Super Agent Jorge Mendes was pushing for the Danish star to move to England.
But Braithwaite’s agent Hasan Cetinkaya, angrily rejected the rumors.
“Everything sucks, all of these stories are wrong,” he said.
“Jorge Mendes has nothing to do with Martin Braithwaite. Jorge Mendes has no players at Barcelona. He can focus on wolves, but I take care of my players at Barcelona.
“Martin Braithwaite plays for the largest club in the world and works with one of the most important coaches in the world.
“From day one until today he has exceeded expectations in terms of playing time and well-being at the club and is very satisfied.”