Report: Wolves set to miss out on Pele to Monaco

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Monaco are set to beat Wolves to Rio Ave midfielder Pele.

Earlier this summer it appeared Rio Ave midfielder Pele was on the verge of a move to Wolves.

The Mail reported he was being eyed up for a £9 million switch to the club.

This is a deal which no longer looks like it will be happening, with Pele poised to seal a switch to Monaco.

Portuguese news outlet Mais Futebol report Pele is ready to make the transfer and barring last minute unforeseen circumstances, his move to Monaco will go ahead.

Monaco are managed by Portuguese boss Leandro Jardim and Pele could line up with Joao Moutinho in central midfield.

Pele admitted last month that he was keen on a move to England, speaking to A Bola, but also suggested he had offers from several clubs and would be analysing the proposals.

Missing out may be a disappointment on one level for Wolves, but the Premier League side are not short of funds or contacts and will be able to focus their efforts elsewhere without too many problems.