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Wolves transfer news: Wanderers must pay at least £17 million to sign Joao Palhinha

Wolves will reportedly have to pay at least £17 million if they are to land Joao Palhinha from Sporting CP this summer.

A Bola have reported that the midfielder has likely now played his last game at the José Alvalade Stadium.

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It is expected he will move on from the club, having been there since the age of 17.

It is stated in the report that the Premier League is his preference and most likely destination.

Wolves are one of the main favourites to land him. But there is also competition in the form of Tottenham Hotspur.

The north Londoners have apparently been following him now for several months.

A Bola say that there are other clubs eyeing Palhinha, with Sevilla having also shown interest, as well as Atletico Madrid.

Perhaps the most notable part of A Bola’s report is the claim that Sporting would not sell for any less than £17 million.

That figure is fairly low compared to previous reports.

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Clubs would certainly be doing well to get a player of Palhinha’s calibre for £17 million.

He is 26 years old, played a big part in Sporting’s title win last season, and also has 12 caps for the Portugal national team.

He has a contract with Sporting until 2026, which makes the £17 million valuation even more surprising.

Previously, he has been valued as high as £34 million and £26 million.

Wolves simply have to beat Tottenham to Joao Palhinha this summer, as report claims he’ll cost at least £17 million

Wolves are set for an overhaul this summer, and signing Joao Palhinha really ought to be one of the club’s priorities.

And really, Wolves should be looking to bring in Palhinha regardless of what happens with Ruben Neves.

In an ideal world, Wanderers would be able to keep hold of the star.

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But it’s very possible that with no European football to offer, he could finally move on.

But whatever happens with him, Palhinha for £17 million or a little bit over would be really solid business.

He would bring a nice blend of physicality and technical quality to the engine room.