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Wolves transfer news: Nottingham Forest close to meeting £40 million Gibbs-White valuation

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.

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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.

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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.

Photo by Jack Thomas – WWFC/Wolverhampton Wanderers FC via Getty Images

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.