Goncalo Guedes: Wolves complete £27.5m signing of Portugal forward from Valencia

Wolves have signed Portugal forward Goncalo Guedes from Valencia on a five-year deal worth £27.5m.

The 25-year-old scored 28 goals in 146 La Liga appearances after joining Valencia from Paris St-Germain on an initial loan deal in 2017.

Wolves’ need for a striker had become more pressing following an injury to Raul Jimenez in pre-season.

“We have been monitoring Goncalo for a long time and are very pleased to welcome him,” chairman Jeff Shi said.

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Only the three relegated clubs, Burnley, Watford and Norwich, scored fewer than Wolves’ 38 Premier League goals last term.

Guedes, who can play on the wing or as a striker, began his career at Benfica and has won 32 caps for Portugal since making his senior debut in 2015.

He was part of the Portugal squad that won the 2019 Nations League, scoring the only goal in the final against the Netherlands.

He previously worked with Wolves manager Bruno Lage at Benfica and will join training at Molineux on Tuesday.

“He has natural talent and has performed very well across Europe and for his country, and we think he is well suited to the Premier League,” Shi added.

“Goncalo has played with many members of our squad previously, so we’re confident he will settle quickly into the group here.”

Wolves, who lost their Premier League opener 2-1 to Leeds, host Fulham at Molineux on Saturday.

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The latest Wolves transfer news as the academy graduate has completed a permanent move to Luton ahead of the new Premier League season

Wolves have confirmed that academy graduate Ryan Giles has completed a permanent transfer to Premier League side Luton Town.

The full-back has been at Molineux since the age of eight, making his way through the youth teams of the club. While he made just one first team appearance for Wolves, Giles has built up his experience during seven different loan spells.

The latest of those saw him impress in the Championship with Middlesbrough last season. In a season long loan, he provided a total of 12 assists in 48 appearances in all competitions.

There has been much speculation over the player’s future this summer, but the 23-year-old will be playing Premier League football in the new season. He had joined Luton for an undisclosed fee, ending his 15-year association with Wolves.

Upon the announcement of the deal, Wolves Sporting Director Matt Hobbs told the club’s official website: “When he wasn’t going to be part of Julen’s plans, it didn’t feel right to loan him again. It’s a good move for all parties, we protect ourselves with add ons and a sell on, but also a buy back. Now felt the right time to give him a home.”

Giles himself has said that he was looking for a permanent move this summer. “I’ve reached the point that at my age that I’ve had a lot of loans and I feel those experiences have made me the player and the person I am today,” he told Luton’s official website. “Now this is a different direction, a new beginning, a new chapter.”

Wolves have also confirmed a loan deal for 19-year-old defender Oliver Tipton. The teenager has joined League Two side Notts County on a season-long loan after taking part in pre-season with Wolves’ first team under Julen Lopetegui.