HITC Sport understands from sources close to the club that Portsmouth midfielder Jed Wallace is set for a medical at Wolverhampton Wanderers as they look to beat Championship rivals Fulham to the player's signature.
Portsmouth are resigned to losing their prized asset this summer, with Wallace admitting that he wants to try his luck higher up the ladder rather than spend another season in League Two with Portsmouth.
Wallace has earned himself a reputation as one of the best prospects in the country after impressing for Portsmouth since breaking into the team in 2012 as an 18-year-old.
The all-action midfielder has finished as Portsmouth's top scorer in the last two seasons, and his performances have attracted the interest of clubs higher up the football pyramid.
Wolves have been monitoring Wallace for some time and expressed an interest in securing his services during the January transfer window.
Fulham were thought to be leading the chase for Wallace this summer, but Wolves have moved quickly to try and tie up a deal for the former England Under 19 international.
Wolves are thought to have activated Wallace's release clause in his contract, allowing them to hold talks with the player, and if he comes through the medical successfully, he will become Kenny Jackett's first signing of the summer.