Wolves are still in the hunt to sign Atletico Madrid defender Felipe after moving for his teammate Matheus Cunha, according to reports.

The Lowdown: Lopetegui seals Cunha deal...

As reliably reported by The Times, the Old Gold have 'sealed' their first signing of the Julen Lopetegui era with an initial loan deal for Cunha which could become permanent for £35m.

This after being repeatedly linked with the South American amid Wolves' hunt for more firepower in the attacking areas, especially considering that they're currently the Premier League's lowest goalscorers with just eight all season.

However, he isn't the only Atletico player who could be heading to Molineux, with Wolves and owners Fosun International by extension still very much chasing Felipe.

The Latest: Wolves eye Felipe move...

It is believed that Lopetegui's side remain 'interested' in the £124,000-per-week player, who is being heavily tipped to move on from the Metropolitano Stadium.

Goal name Wolves as the sole European club who could grant Felipe's wish of remaining on this continent as a number of Brazilian sides also eye a move.

It's added that the Old Gold 'consulted' on Atletico's defender recently, presumably meaning they've made contact over his possible signing, although talks are not 'advanced' yet.

The Verdict: Make the move?

Felipe's current deal expires in 2023, and at 33-years-old, his side have little leeway to demand an extortionate fee for his services.

An experienced La Liga winner, the Brazilian could bring a degree of know-how and winning mentality to Lopetegui's dressing room, as well as greater defensive solidarity.

The 6 ft 3 colossus certainly has the physicality to succeed in English football, and this transfer could be a fairly low-risk one financially.