Wolverhampton Wanderers are set to complete the signing of Spanish full-back Jonny on loan as soon as the 24-year-old completes his transfer to Atletico Madrid from RC Celta Vigo.
According to Spanish publication Marca, Atletico are set to pay around €7m for the defender's signature, but will be forced to move him out on loan due to the club's salary cap preventing them from keeping hold of any more players.
Diego Simeone's side were alerted to the availability of the former Spain Under-21 international when he rejected the offer of a new contract with Celta Vigo, and decided the opportunity to sign Jonny for a cut price was simply too good to miss out on; despite not being able to use him for the next year due to the club's expenditure on playing staff being at its absolute limits.