Anderson Talisca in action for Benfica
The move has seen the club bring in Silvio from Atletico Madrid and Helder Costa and Joao Teixeira from Benfica.
They are also in protracted negotiations regarding the signature of Brazilian talent Anderson Talisca in a second-tier transfer record deal.
So who else could they target from Jorge Mendes’ stable?
Here are three players represented by Mendes’ Gestifute agency who Wolves should target…
Nelson Oliveira – Benfica
Nelson Oliveira celebrates after scoring the first goal for Nottingham Forest
The Portuguese attacker spent last season on loan at Nottingham Forest and impressed – netting nine goals in 29 games, although his performances bettered his goal tally.
He is still believed to be available at Benfica and would be a brilliant signing from Wolves.
Ricardo Carvalho – Free agent
England's Wayne Rooney in action with Portugal's Ricardo Carvalho
The veteran centre-back was released by Monaco earlier today.
A Euro 2016 winner and three-time Premier League champion with Chelsea he may be 38-years-old but still has definite pedigree.
Adrian Lopez – Porto
Adrian Lopez scored for Porto
Signed by Porto last summer he has struggled to settle in Portuguese football.
He ended up out on loan at Villarreal last season and Wolves would surely enjoy bringing this classy operator in on a similar deal.