Nottingham Forest are reportedly close to meeting Wolves £40 million valuation of Morgan Gibbs-White.
The newly promoted Premier League side are determined to land the 22-year-old.
Steve Cooper’s side have already seen three bids rejected for the England U21 international, but look set to make another attempt.
Wolves have stood firm over Gibbs-White over the last few weeks.
Bruno Lage has used him a fair bit in pre-season and started him in the opening game against Leeds United.
Wanderers ideally want to keep him, and see him as a much improved player after his successful loan spell at Sheffield United last season.
Initially it had been claimed that Wolves could consider doing business at around £30 million.
But the valuation is now £40 million – and Forest are edging closer to meeting that valuation according to The Telegraph.
Forest have already broken their transfer record twice this summer with deals for Neco Williams and Taiwo Awoniyi.
Awoniyi cost £17.5 million from Union Berlin. So the club would be absolutely obliterating their transfer record with any deal for Gibbs-White.
It remains to be seen if a fourth official bid does go in.
£40 million is simply too much to turn down for Wolves, as Forest near Gibbs-White valuation
Gibbs-White has returned to Wolves as a much better and more mature player after his spell at Bramall Lane.
Potentially, he could really have a breakthrough season at Molineux.
If Forest are really about to offer £40 million though, Wolves surely cannot turn that down.
That is simply a huge amount of money for a player who is ultimately still yet to prove himself in the Premier League.
Yes there is big potential there. But £40 million would be an incredible deal for Wolves, assuming that money would then be used to strengthen the team.
It would be a real shame to see Gibbs-White go. But it’s difficult to justify not doing a deal at £40 million.