Wolves have agreed a loan deal for Atletico Madrid and Brazil striker Matheus Cunha, with an obligation to buy for around £34m.
Personal terms have been agreed with Cunha, who could be involved as soon as January 4 when Wolves travel to Aston Villa.
The 23-year-old will be new Wolves head coach Julen Lopetegui’s first signing since taking over, with the Midlands club bottom of the Premier League after 15 games.
The former Sevilla, Spain and Real Madrid boss has spoken openly about the deal in the Spanish press.
Asked what he needs to do to turn things around at Molinuex, Lopetegui told Spanish outlet MARCA: “Convincing the boys that they have much more capacity.
“We will also try to improve the team in the January market – Cunha is close.”
Wolves, who are the lowest scorers in the Premier League with eight goals, are in need of reinforcements up front after summer signing Sasa Kalajdzic suffered an ACL injury in September on his debut against Southampton.
Former Chelsea striker Diego Costa was brought in as a free agent signing later that month on a short-term deal until the end of the season to help Wolves’ striker shortage.
The 34-year-old, though, has failed to rediscover the form that made him a fans’ favourite at Stamford Bridge. He has not scored a goal in any of his six appearances and was sent off against Brentford in October.
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