Wolves SOLD: Julen Lopetegui takes the Spain job

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Julen Lopetegui has been confirmed as the new manager of Spain - ending speculation he is about to replace head coach Kenny Jackett at Wolves.

The 49-year-old boss has been linked with the Molineux hot-seat ever since rumours of a potential takeover first began to surface.

According to lawyers Squire Patton Boggs, China-based Fosun International has bought the Championship club from Steve Morgan and his Bridgemere investment company.

The deal is yet to be confirmed by Wolves but a press conference is expected to be called tomorrow.

Jackett is currently in Cork with the Wolves team as they continue their pre-season preparations.

Reports today suggested Jackett told his players about the potential takeover earlier this month and that he has been given no assurances about his future.

It had been expected Lopetegui would be confirmed as Jackett's replacement in the coming days.

Instead, the former Porto boss has been confirmed as the new manager of Spain, replacing World Cup and European Championship winner Vicente del Bosque.

Lopetegui had been linked with a takeover by Chinese businessman Robin Li, who was previously thought to be leading the Wolves takeover.

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