Morgan Gibbs-White is set to have a medical at Nottingham Forest after the Premier League new boys agreed a huge deal worth a reported £44.5m including add-ons.
The Wolves midfielder has been a top target for Forest all summer after starring against them for Sheffield United in the Championship play-offs.
Now a number of sources report that a deal is in place with Gibbs-White. The 22-year-old is set to take a medical and complete formalities on a record deal.
Nottingham Forest broke their transfer record to make £17m striker Taiwo Awoniyi their first signing since being promoted to the Premier League. And they followed that up with a £16m move for Neco Williams.
Both those fees are dwarfed by the £35m initial fee that Forest have agreed with Wolves, as per John Percy of The Telegraph. Percy also reported significant add-ons, while Sky Sports insists the deal is worth £44.5m.
Forest have seen three previous approaches rebuffed by Wolves. The last offer was said to be £25m, plus £17m in add-ons. But a deal is now in place that will see Gibbs-White move to the City Ground.
The attacking midfielder, who played under Steve Cooper at Swansea, made 40 appearances in all competitions last term for both the Blades and Wolves, registering 13 goals and an impressive 10 assists.
Gibbs-White returned to Wolves in the summer and featured heavily in pre-season under Bruno Lage. And he has started both games for Wolves in the Premier League but the player was insistent on leaving.
Previous uncertainty over his game-time meant he refused to entertain talks over a contract extension.
His current deal expires in 2024 at Molineux and Wolves have got some serious money for their man.
Of course Lage has already spent that with the arrival of the talented Matheus Nunes from Sporting Lisbon.
Wolves broke their transfer record to land midfielder Nunes for £42.4m. And he is expected to go into their squad to face Spurs.
But Wolves can feel satisfied they have got more than the going rate for a player who has limited top-flight experience. He has one goal and one assist in the Premier League for Wolves from 48 appearances.
However, he was brilliant in driving the Blades to the play-offs last season and they were desperate to keep him.