Chelsea have agreed a deal worth 63m euros (£54m) for Wolverhampton Wanderers forward Pedro Neto.

The Portugal winger will have a medical before finalising a move to Stamford Bridge that will take Chelsea’s summer spending past £200m.

Chelsea finally struck a deal with Wolves – an initial 60m euros with 3m euros in add-ons – after having two bids rejected.

The Blues’ player-plus-cash deal earlier this week was rejected then a straight cash offer was also turned down on Thursday evening.

The 24-year-old has made 135 appearances and scored 14 goals since joining from Lazio in 2019.

If the deal is confirmed, Neto will become Wolves’ record sale after Ruben Neves’ move to Saudi Arabia’s Al-Hilal for £47m last summer.

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