Manchester City verbally agree €55 million deal for Wolves midfielder Matheus Nunes

Wolves’ Matheus Nunes is poised to join Manchester City in the final few days of the summer transfer window following a verbal agreement between the two clubs.

The Portugal international midfielder had quickly emerged as the Premier League champions’ number one target for the final few days of the summer market, following frustrations in their pursuit of West Ham star Lucas Paqueta.

City have returned to the window following an evident need to strengthen in midfield after Kevin De Bruyne was ruled out for the remainder of 2023 through surgery on a hamstring injury sustained in the opening Premier League game of the season.

Despite working under the pressure of time as the transfer deadline edges ever closer, Manchester City have now seemingly reached an agreement for the midfield recruit they craved, after a verbal agreement on a deal was reached with Wolves on Wednesday.

Following the emergence of full details across Wednesday afternoon, here is everything you need to know about the deal at hand!

What was first reported?

As first reported by Fabrizio Romano, Matheus Nunes to Manchester City has received the ‘Here We Go’ confirmation, after a verbal agreement was reached with Wolverhampton Wanderers.

It was further detailed that final checks are currently ongoing around payment terms and instalments, before a deal will then be signed.

How much are Manchester City paying for Matheus Nunes?

According to various sources, Manchester City and Wolves have reached a verbal agreement on a deal worth €55 million with no add-ons included in the deal.

The player himself is expected to make the trip up to Manchester for his medical tests and media duties with the Premier League champions in the coming hours.

Is there anything else we need to know about the deal?

Although deemed as a separate deal and negotiation, Manchester City and Wolves have also reached an agreement on the transfer of Tommy Doyle to Molineux on an initial season-long loan.

It is understood that Wolves will have the option to make that loan agreement permanent for a fee of £5 million next summer, for a player they value at around £15 million, and will cover all of his wages during the 2023/24 season.

Manchester City will however be retaining a significant sell-on percentage in the agreement should Wolves make that deal permanent in 12 months time, with it understood in some quarters that the figure is 50 per cent.