Wolves are close to finalising a deal worth around £29m for Barcelona right-back Nelson Semedo after agreeing personal terms with the player.
Talks between the two clubs took place last week, with Barcelona willing to allow the Portugual international to leave.
Personal terms between Wolves and Semedo were agreed on Monday, with the player now expected to travel to the UK to complete the transfer.
- Liverpool sign Jota from Wolves
- Wolves sign Liverpool defender Hoever
- Live on Sky: Wolves vs Manchester City
The Barcelona right-back is represented by Gestifute, the agency run by Jorge Mendes, who plays a key part in many Wolves deals.
Head coach Nuno Espirito Santo is understood to be in the market for another option at right-back following the sale of Republic of Ireland international Matt Doherty to Tottenham on a four-year-deal.
Wolves confirmed the signing of Ki-Jana Hoever from Liverpool as forward Diogo Jota's completed a move in the opposite direction in a deal worth up to £45m.
Hoever, 18, signed a five-year-deal at Molineux and the Dutch defender is capable of playing right-back, right-wing back and centre-back - however it is understood Wolves still remain keen to bolster that area of their defence further.
Hoever became Wolves' fourth signing of the transfer window following the arrivals of Fabio Silva, Fernando Marcal and Vitor Ferreira.
Watch Wolves vs Manchester City live on Sky Sports Premier League and Main Event from 8pm on Monday, (kick-off 8:15pm).
Summer transfer window - key dates and times
The summer transfer window closes at 11pm on Monday October 5 with a feast of activity lined up on Transfer Deadline Day on Sky Sports News and across our Sky Sports platforms.
A domestic-only window for deals between the Premier League and EFL then runs from October 5 and closes on Friday October 16 at 5pm. Follow all the news and analysis on SSN and across Sky Sports' digital platforms, including with our dedicated Transfer Centre blog.