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Wolves 'looking into signing Diego Costa on a free transfer' as cover for Raul Jimenez after the Spanish striker was let go from his £270,000-a-week contract at Atletico Madrid

Wolverhampton Wanderers are contemplating a move for former Atletico Madrid striker Diego Costa on a free transfer, according to reports.

The Spanish striker was let go by Atleti on Tuesday after asking the club to tear up his £270,000-a-week contract due to 'personal reasons'.

Costa can now sign for a club for no transfer fee during the January transfer window with Wolves' Premier League rivals Arsenal also linked with the forward.

Wolves are looking into a move for free agent Diego Costa (above), according to reports
Nuno Espirito Santo (above) is looking for a new striker after Raul Jimenez's fractured skull

And according to The Sun, Wolves could move in for the 32-year-old as the Midlands club look for a replacement for Raul Jimenez who is currently ruled out with a fractured skull.