Manchester City have verbally agreed to pay the sum of €55million [£47.3million] to Wolves for midfielder Matheus Nunes
Manchester City midfielder Tommy Doyle is also set to join Wolves on loan but in a separate deal.
Wolves will have the option to sign the midfielder on a permanent deal for £5million
The Citizens have also insisted on a significant sell-on clause for Doyle.
During this loan period, Wolves will pay all of the player’s wages.
For Nunes, the Portuguese will leave Wolves after just one season at the club.