Wolves have verbally accepted an offer from Manchester City for Matheus Nunes.

BBC Sport says Wolves and City have settled on a £47.3m fee - though a formal agreement is yet to be struck.

Wolves had been insisting on £60m after rejecting City's £47m offer last week. However, it now appears Wolves have settled on the valuation.

Wolves have agreed to sign City midfielder Tommy Doyle on loan, with the option of a £4.3m transfer that would include a huge sell-on clause for City.

City have made their move after losing Kevin de Bruyne to hamstring for four months.