The Championship side have tied up a deal for Benfica winger Helder Costa and expect Atletico Madrid defender Silvio to follow.
Wolverhampton Wanderers have completed the signing of Benfica winger Helder Costa on a season-long loan deal, but said on their official website that another Portuguese target is unlikely to follow.
Costa, who helped Monaco qualify for the Champions League last season, becomes the first signing of the Fosun era, after the Chinese conglomerate completed its takeover of the Championship club last week.
Wolves also confirmed that a deal is in place to sign Atletico Madrid right-back Silvio, subject to the player 'formalising the terms of his departure' with the Spanish side.
Wolves also close to completing deal for Atletico Madrid defender Silvio, subject to Silvio formalising exit from the Spanish club.— Wolves (@OfficialWolves) 29 July 2016
However, in a somewhat unusual move, the Molineux club added that despite holding talks with Pele, the Benfica midfielder 'has other options to consider' and is not expected to reunite with Costa in the Black Country.
Pele, playing against parent club Benfica, makes a tackle
New board member Jeff Shi told the Express & Star this week he hoped to establish a link-up with the Portuguese champions, and reports in the Iberian nation claim a £21 million deal for Brazilian midfielder Anderson Talisca could still happen.
However, domestic targets are also said to be under consideration, with Wolves seeing three bids turned down for Blackburn Rovers midfielder Ben Marshall according to the Daily Mail.
Blackburn's Marshall is a reported target