Chelsea have reached terms with Wolves to sign Pedro Neto for £54million as Tottenham fall out of the race for the Portugal winger's signature.
Celta Vigo have allowed Norway striker Jorgen Strand Larsen to join English Premier League outfit Wolverhampton Wanderers on a season-long loan.
Wolves have bolstered their squad by making their second signing ahead of the new season with the acquisition of highly-rated Portuguese winger Rodrigo Gomes from Braga.
Manchester City maintained control of the Premier League title race with a 5-1 win over Wolves, which featured four goals from Erling Haaland.
Theo Walcott expressed his delight as Wolves' gameday line-up included the promising Wesley Okoduwa for their clash against Arsenal at Molineux Stadium.
Arsenal bounced back to the top of the Premier League on Saturday with a 2-0 victory at Wolves, following a difficult week for the club.