Wolves have pulled off the massive transfer coup of landing Porto midfielder Ruben Neves.

Neves has signed a five-year deal for around £15 million to link up with former manager Nuno Espirito Santo.

Willy Boly follows Neves from Porto and has penned a season-long loan deal as the Sky Bet Championship side continue to revamp their squad.

The club are also close to signing former Norwich goalkeeper John Ruddy on a free transfer after Carl Ikeme's shock leukaemia diagnosis.

Portugal international Neves made 76 appearances for Porto and the fee tops the £12million Wolves paid for Helder Costa in January.

"I'm very excited to play at this club," he told the club's official site. "It is a very big club and I hope to help the team to win their goals.

"I have always wanted to play in England and we have a good team. I think we can do good things this season."

Nuno played Neves 16 times at Porto last season, including in their 5-0 Champions League win over Leicester, while the midfielder also made three appearances for Portugal's Under-21 side at Euro 2017.

"Ruben is a very good player who can bring new things to our squad," said Nuno. "I know him well, I worked with him last year - he's a good player.

"When a player is captain of a big team like Porto in a Champions League game at such a young age, it means a lot.

"He was very pleased to come here, it's a good challenge for him."