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Wolves-linked Joao Palhinha now valued at £34 million by Sporting CP

Long-term Wolverhampton Wanderers target Joao Palhinha reportedly has a revised asking price.

According to a report from A Bola, the 26-year-old is now priced at €40 million/£34 million.

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The Portuguese champions have seemingly lowered their demands for the enforcer.

It was reported last month that they would refer potential suitors to the player’s release clause.

That clause is said to be €60 million/£51 million.

£34 million is a price club president Frederico Varandas deems fair for the star.

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Whether Wolves would be able to pursue a deal for the player at this asking price remains to be seen.

It’s likely he could still be a little too expensive.

That said, the club could make a couple of sales before the end of the window, and there’s always the possibility of paying over a certain number of years, as is common with transfer deals today.

One example of that is Liverpool still paying Wolves for Diogo Jota.

Faint hope?

It is probably very unlikely for Palhinha to make a move to the Black Country.

He does stand to play in the Champions League at his current club, which will likely make prising the player away very difficult.

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Following yesterday’s defeat to Leicester City, perhaps there will be a new sense of urgency regarding new signings.

Bringing in someone like Palhinha, and a new centre-half, would improve the starting XI massively.