According to reports, Manchester City have agreed verbally with Wolves to sign their midfielder Matheus Nunes.
The deal is set to be worth £47.2million including a loan move for City youngster Tommy Doyle that includes a £5m option to buy.
Man City has been in the transfer market for a midfielder to replace the injured Kelvin De Bruyne who has been out injured for a long time.
The Premier League champions made their first bid for the Portuguese but it was rejected by the Wolves.
However, recent reports suggest that City are closing in on their target after reaching a verbal agreement with Wolves.
Man City close in on Matheus Nunes
Man City's first initial approach was rejected by Wolves prompting Nunes to stay away from training to push for the move.
According to reports from Daily Mail, a deal has been reached between both parties for the signing of Matheus Nunes.
The offer is worth £47.2 million, which includes a loan deal for Tommy Doyle of City, which comes with a $5 million buyout option.
Wolves backed down from their strong line as a result of City's readiness to abandon the agreement with them.
The Molineux club is now certain that the final agreement will be worth this much, and it was anticipated that things would move faster on Wednesday.
In the meantime, Wolves hopes to sign defender Santiago Bueno from Girona for £8.5 million, becoming their first cash signing of the summer.
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