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Journalist says Wolves are closing in on signing Chiquinho

Wolves are edging closer to signing Chiquinho from Estoril, according to journalist Fabrizio Romano.

He has tweeted that the 21-year-old will sign a Molineux contract which runs until 2026.

The initial fee will be €3.5 million (£2.9 million), with a potential €1.5 million (£1.3 million) in add-ons if the new frontman does well.

Wolves need a striker to offer competition for Raul Jimenez, despite Fabio Silva’s recent improvement, he has struggled to convince Bruno Lage.

It remains to be seen whether Chiquinho will go straight into Wolves’ first team squad, be loaned back out, or play in the Under-23s.

Wolves’ squad against Southampton today is thin and largely topped up by teenagers so perhaps Lage will keep him around.

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He has four goals and six assists in 20 games across all competitions this season for Estoril.

It is hard to know how that will translate into English football, which is more physical and challenging – just ask Silva, who is still seemingly finding his feet.

The smaller transfer fee should mean that Chiquinho is not under as much pressure as Silva was at Wolves, and he could offer a third striking option.

Wolves are continuing to use their Portuguese connections to get the deal over the line, and the fans will wait to see if this one is a success.