Wolves are in advanced talks over a £21m deal for Fluminense's Brazil midfielder Andre.
The 23-year-old would cost an initial £18.5m plus up to £2.5m in add-ons.
Andre won the Copa Libertadores - South America's equivalent of the Champions League - with Fluminense in 2023 and has publicly admitted to being keen on a move to the Premier League.
He saw a move to Fulham fall through earlier in the transfer window.
Andre would be Wolves' sixth signing of the summer - joining England Under-21 midfielder Tommy Doyle, Portuguese winger Rodrigo Gomes, Brazilian defender Pedro Lima and Norway striker Jorgen Strand Larsen, who is on loan from Celta Vigo.