Balague offers fresh Wolves takeover update

Molineux - general view

The Wolverhampton Wanderers takeover is making process, a Spanish football expert insists.

Molineux - general viewMolineux

Spanish football expert Guillem Balague has revealed when the next stage of Wolverhampton Wanderers' proposed takeover will take place.

Earlier this week, the Revista De La Liga presenter dismissed reports the deal had hit the rocks and reiterated on Friday that the process remains ongoing.

Guillem Balague Presenter of Sky Sports during the press conferenceSky Sports pundit Guillem Balague

"The FA has all the documentation from the potential Wolves buyers. Early next week they should get permission to reach next stage," the Spaniard wrote on Twitter.

On Thursday, Balague expressed his belief that Robin Li was the man behind the deal and today confirmed the Chinese billionaire's involvement.

When asked if Li - who it is also thought is in talks to acquire Italian giants AC Milan - was Wolves' prospective buyer, he replied, simply: "Yes".

The takeover speculation has cast doubt over the future of Wanderers boss Kenny Jackett, with former Porto head coach Julen Lopetegui reportedly lined up to replace him in the Molineux hot seat.

Former Porto head coach Julen LopeteguiFormer Porto head coach Julen Lopetegui

The Basque has also been tipped to take over the Spanish national team, however, Balague insists he is not "waiting on the Spain job".

Super agents Jorge Mendes and Carlos Bucero are reportedly trying to broker the deal to buy the Championship club.

Super agent Jorge Mendes with client Cristiano RonaldoSuper agent Jorge Mendes with client Cristiano Ronaldo

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