Jed Wallace edging closer to Wolves exit

A fee is thought to have been agreed and the south London club are increasingly confident of getting the deal over the line in the coming days.

Wallace has a year left on his contract with Wolves but it has become apparent his future lies away from Molineux.

The 23-year-old has struggled for regular game time since joining in a £250,000 move from Portsmouth two years ago, making just 23 first-team appearances for Wolves.

He spent the second half of last season on loan at the Den, helping the Lions win promotion to the Championship through the play-offs.

Wallace is unlikely to be the only player leaving Molineux in the coming weeks. Wolves have made a solid start to their summer recruitment with the signing of centre-back duo Ryan Bennett and Roderick Miranda, the latter of whom joined in a £2.5million switch from Rio Ave.

Further additions will be made, yet there is also an acknowledgment the club’s first-team squad - which currently stands at 27 players - is too large and requires trimming.

New boss Nuno Espirito Santo will meet players for the first time next week when the first-team return for pre-season training.

Wolves are eager to avoid the kind of large-scale overhaul which took place last summer when 12 new players were signed following Fosun’s takeover in July.

But speaking at Nuno’s unveiling earlier this month, managing director Laurie Dalrymple acknowledged the size of the squad needed addressing.

“The squad is big and we are going to have to do something about that,” he said. “I’m sure Nuno would agree the squad is on the large side.

“We have to get more efficient with regard to that. Finances is another major factor with regard to that.

“Do I think we will have 12 players coming in like last year? No I don’t but we know there are areas where we need to strengthen the team and it is about focusing on the quality of those players.”