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Wolves transfer news: Wolves ready to submit opening offer for Palhinha

Wolves are reportedly ready to submit their first offer for Sporting CP star Joao Palhinha.

According to a report from A Bola, the club’s interest is firm, and known by the Portuguese club. And the first actually offer will come soon.

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Apparently, Wolves will bid £17 million for the star.

Whether that will be enough to convince Sporting into a deal remains to be seen.

There has been a number of different valuations for Palhinha over the past few weeks.

There were claims last month that Sporting were looking for at least £25 million to sell the enforcer this summer.

And recently, there were suggestions that Wolves were actually closing in on Palhinha for around £20 million.

£17 million is a new figure, and it feels like it could be knocked back.

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Realistically, Palhinha still has four years left on his contract at Sporting. He played a key role in their title triumph last season, and had another good campaign in 2021/22 with Sporting finishing runners-up.

And he’s a Portugal international with 13 caps.

So it remains to be seen if Wolves can snag him for £17 million. It would be a bargain if the club could.

Wolves may be lucky to land Joao Palhinha for £17 million, as club prepare opening offer

It feels like quite a low amount, and it would be no surprise if Sporting rejected it.

It will be interesting to see if Wolves can get this signing over the line before Ruben Neves is sold.

Realistically, if Neves is sold first, then it’s hard to see Sporting accepting £17 million for Palhinha, with them knowing Wanderers have just made a big sale.

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It has been reported that Wolves are looking for £70 million for Neves.

Perhaps he will ultimately go for less than that. But he will certainly bring in big money if he does depart, which is likely.

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