Chelsea have agreed a £54m deal for Wolves forward Pedro Neto in a move that has quickly gathered ground with very few previous discussions taking place.
The 24-year-old battled long-term injuries last season but has been regarded as Wolves' best player and was part of Portugal's European Championship squad in Germany.
Neto is now set to undergo a medical prior to the move being completed where he will become Enzo Maresca's latest signing ahead of the new Premier League season.
His arrival continues the trend of chaotic spending by co-owner Todd Boehly who has forked out over £1billion on new players since taking over the club two-years previous.
When the deal is completed - and taking into account pending agreements with other clubs - Chelsea's summer spending will rise to a whopping £199m.
Chelsea have reportedly agreed a £54m deal for Wolves forward Pedro Neto in a move that has quickly gathered ground
Chelsea initially had two bids rejected for Neto who scored just three goals in 24 appearances across all competitions or Wolves last season.
The Molineux-based side have since agreed to let their star player leave for Chelsea after accepting an initial £51.4m with the rest of the fee being made up in subsequent add-ons.
Neto's recent injury record gives some cause for concern with the Portuguese talent suffering two similar hamstring injuries last season that saw him miss over 100 days of competitive football before returning towards the end of the season.
He has since returned to Wolves for pre-season training following Portugal's Euro 2024 quarter-final exit and has been preparing for the new league campaign with the team in Florida.
Wolves boss Gary O'Neil has been keen to keep hold of his best players with the new Premier League campaign getting underway in just seven days time when Man United host Fulham.
However, Neto's departure could pave the way for further incomings as Wolves look to secure their Premier League status for another season.
Meanwhile, his impending rival in London will make him Chelsea's ninth signing of the summer transfer window as the club attempts to bounce-back from a disappointing previous season.
Neto could find himself facing his soon-to-be former team in a couple of weeks when Wolves host Chelsea on August 25.