Chelsea agree £54m deal for Wolves winger Neto

Chelsea have agreed a deal worth almost £54m for Wolverhampton Wanderers forward Pedro Neto.

The Portugal winger will have a medical before finalising a move to Stamford Bridge that will take Chelsea's summer spending past £200m.

Chelsea finally struck a deal with Wolves - an initial £51.3m with £2.6m in add-ons - after having two bids rejected.

The Blues' player-plus-cash deal earlier this week - with David Datro Fofana and Trevoh Chalobah mentioned in discussions - was rejected, then a straight cash offer was also turned down on Thursday evening.

The 24-year-old has made 135 appearances and scored 14 goals since joining Wolves in 2019 from Lazio.

If the deal is confirmed, Neto will become Wolves' record sale after Ruben Neves' move to Saudi Arabia's Al-Hilal for £47m last summer.