Rafa Beitez is keen on bringing a winger to St James' Park this summer, according to a report from the Northern Echo, and the Portuguese star could be just the man for the job.
The 24-year-old joined Wolves from Monaco in the summer of 2016, for a fee believed to be worth in the region of £7 million, and he has since gone on to really impress for the Black Country outfit, chalking up 14 goals and 18 assists in 77 appearances in all competitions.
Cavaleiro is incredibly quick, and he play with a certain kind of directness that would undoubtedly help add another layer of potency to the Magpies play in the final third.
The two-capped Portugal international would provide strong competition for the likes of Matt Ritchie and Christian Atsu in the wide attacking department at Newcastle.
The report from the Mirror suggests that Wolves are willing to sell the 24-year-old this summer, in order to create space in their squad for any potential incomings.
If Newcastle could snap him up for somewhere in the region of the £7m that he cost the Black Country outfit two years ago, they will be laughing, and it could turn out to be a signing of real significance for the Toon.