Pedro Neto is set to undergo Chelsea medicals.

Chelsea and Wolves have agreed on a £54 million agreement to sign Pedro Neto.

According to The Athletic, the agreement was reached early on Friday.

The Blues have proposed to make an initial payment of £51.4 million plus a further £2.6 million (€3 million) in add-ons.

The athlete is currently believed to be going to London for a medical.

Neto was previously connected to Arsenal, Manchester City, Liverpool, and Tottenham.

However, Chelsea has jumped ahead of their Premier League rivals and will include the Portugal forward in their attack.