Manchester City have reached a verbal agreement with Wolves for Matheus Nunes worth £47million.
Wolves rejected the Premier League champions' initial bid of the same figure £47m offer, prompting Nunes to stay away from training as he attempted to force through a move.
After Wolves' 5-0 win over Blackpool in the Carabao Cup on Tuesday, boss Gary O'Neil said he still expected Nunes to be at the club after the September 1 deadline, but the reality was that Wolves were always open to a deal in the region of £60m.