Chelsea have agreed a deal to sign Pedro Neto from Wolverhampton Wanderers.

The west London side will pay a fee of €60million ($51.4m; $65.5m) plus €3m in potential bonuses to sign Neto, who will undergo a medical shortly.

The 24-year-old made 20 Premier League appearances for Wolves last season amid two spells out with hamstring injuries, registering two goals and nine assists. He returned to fitness at the end of the season and was part of the Portugal squad that competed at the European Championship, appearing in all three of their group-stage fixtures but remaining an unused substitute in their last-16 and quarter-final matches.

Neto joined Wolves from Braga in 2019 and has played 135 times for the Molineux club. Due to injuries, though, he has not played more than 25 games in a season since the 2020-21 campaign.

Neto’s Wolves contract runs until the summer of 2027 after the Portuguese signed a new five-year deal in March 2022.

This summer, Chelsea have so far signed Tosin Adarabioyo from Fulham, Omari Kellyman from Aston Villa, Marc Guiu from Barcelona, Kiernan Dewsbury-Hall from Leicester City, Renato Veiga from Basel, Caleb Wiley from Atlanta United and Aaron Anselmino from Boca Juniors.