Vitor Pereira will replace Gary O'Neill as manager at Wolverhampton, reveals the authoritative Italian journalist Fabrizio Romano, BTA reported.
The Portuguese arrives from Saudi Al-Shabab and the compensation for his early release is over 800 thousand pounds.
"Wolves" and Pereira have agreed the personal terms of the coach today and he will sign a contract for a year and a half. The 56-year-old specialist will fly to England within hours and the club will confirm the information in the next 24 hours, Sky Sports specifies.
O'Neill was released on Sunday after a 1:2 defeat by Ipswich at "Molineux". The loss left Wolves 19th in the table, five points behind 17th-placed Leicester.
Pereira, who has won titles in three different leagues with Porto, Olympiacos and Shanghai Shenhua, has been in charge of Al-Shabab since February. He was linked with the Everton job in early 2022, but the "caramels" then settled on Frank Lampard.