Wolves have confirmed they will exercise the option in Diogo Jota's loan deal that allows them to sign him on a permanent contract from Atletico Madrid at the end of the season.
The 21-year-old will remain on loan at Molineux for the rest of the season, at which point his permanent switch to Wolves will come into effect.
Jota has scored 12 goals in 31 appearances this season to help Wolves to a 12-point lead at the top of the Championship.
Wolves' executive chairman Jeff Shi said: "Diogo has been an important player for Wolves this year and his abilities are clear for everybody to see.
"Of course, in addition to Diogo, we have a number of other players who are also part of the playing squad under loan agreements, and we will continue to make assessments of the whole playing group as we progress through the season.
"By moving to confirm terms with Diogo, and the signing of Helder Costa last winter, it shows that we can provide a great environment for loan players to thrive and develop in Wolves.
"We are sure this will continue with other players who have come in and successfully committed themselves to the club."
The forward joined Atletico in 2016 from Portuguese side Pacos Ferreira, but never played for the Spanish club - he was on loan at Porto last season before moving to Wolves this campaign.
Jota is familiar to Wolves head coach Nuno Espirito Santo, having also played under him when Nuno was in charge at Porto last season.