Ruben Vinagre is on the verge of completing a loan move to Everton, having officially left Wolves earlier this summer.
The left wing-back is returning to the Premier League, having spent last season on loan at Sporting CP.
Sporting decided months ago that they were going to buy Vinagre.
The deal was made official earlier this summer, with Wolves banking around £8.5 million.
But Vinagre is set for a swift exit from the club, with the star ready to link up with Frank Lampard at Goodison Park. The player has already said goodbye to Sporting fans on Instagram.
It is thought former Molineux official Kevin Thelwell, who is now director of football at Everton, has been key to facilitating the deal.
According to reports (via Record), Everton will sign Vinagre on loan and then have the option to buy him next summer for just under £17 million.
And if Everton decided to exercise that option, Wolves will be in the money.
The club negotiated a 50% sell-on clause (via Birmingham Mail), meaning they stand to bring in around £8.5 million.
Shrewd move from Wolves over Vinagre as defender prepares to join Everton on loan
News of a £17 million option to buy is positively surprising.
Hopefully, Vinagre rediscovers his mojo at Goodison Park and ultimately prompts the club to sign him permanently.
An £8.5 million windfall would be very nice indeed for Wolves.
That money could go some way to bringing in a new player in the summer 2023 window.