Bookies make Wolverhampton Wanderers second favourites to sign Alvaro Negredo, but is there any substance?

Super agent Jorge Mendes with client Cristiano Ronaldo

Wolverhampton Wanderers at 7/1 to sign the £100,000-a-week Valencia striker.

Bookmaker Sky Bet has installed Wolverhampton Wanderers as surprise second favourites to sign Valencia striker Alvaro Negredo this summer.

Nuno Espirito Santo's side [7/1] are behind only Turkish giants Besiktas [11/4] on the list of likely destinations for the Spain international, who spent last season on loan to Middlesbrough.

But should we read into it? HITC Sport takes a look...

Wolves need a striker

They've strengthened in every other position so far, but look a little light up top, where only Joe Mason and Nouha Dicko have any real experience of playing.

Middlesbrough's Alvaro Negredo celebrates scoring their first goalFormer Middlesbrough loanee Alvaro Negredo

Negredo has played under Nuno before

He was signed by the Portuguese, in fact, on an initial loan deal in 2014 and then permanently a year later. The former Manchester City man is 31 now though, and his time at the top could be coming to an end.

And he's a Jorge Mendes client

The Portuguese super agent has been advising Wolves since 2016, and helped them to recruit the likes of Helder Costa, Ivan Cavaleiro and Ruben Neves, as well as Nuno. One suspects that a deal for another of his clients shouldn't be too difficult to facilitate.

All of the above has, however, already been considered

By this very website, in fact, as recently as two days ago. And it's entirely possible that something which was presented as opinion may have been interpreted as fact somewhere along the line, and fed back to those in charge of the bookies' markets.

Besides, Financial Fair Play could be an issue

Wolves have already spent close to £20 million this summer [Transfermarkt] with little heading in the opposite direction. And while there may be some funds left in the bank, the signing of a player who is said to earn £100,000 a week [Express] does not seem particularly viable given the restrictions imposed by the Football League.

Super agent Jorge Mendes with client Cristiano RonaldoSuper agent Jorge Mendes [left] with client Cristiano Ronaldo

So what are Wolves' chances?

HITC says: 4/10. As tempting as it may be to lump on, the chances are that is the bookies' sole motivation here - although stranger things have happened.

Could Wolves really sign Negredo?

Have something to tell us about this article?

Register for HITC Sport - Daily Dispatch