Wolves have opened negotiations with Valencia for Goncalo Guedes, according to Portuguese journalist Pedro Almeida.

An offer between €20-25 million will apparently be enough to tempt the La Liga side to part with the 24-year-old, despite him having an absolutely remarkable release clause in his current deal.

Nuno's side look to have stolen a march on West Ham and Everton, also named by Almeida as interested parties.

Valencia could make loss on Guedes

Valencia paid £36million to make Guedes' loan deal permanent in August 2018 and tied him down to a six-year deal (via BBC Sport). That contract included an eye-watering £270million release clause.

But it looks as if Los murcielagos are now entertaining realistic offers, with Guedes only able to contribute two La Liga goals this season and the financial impact of the pandemic hitting the club hard.

In all, he has been directly involved in 42 goals in 128 Valencia matches (20 goals, 22 assists). He's also been capped 22 times at senior level for Portugal, having last been called up in September.

Transfer Tavern verdict

It's worth noting just how much Valencia have struggled this season. Last year, they made it to the Champions League of Round 16, but there's no prospect of European qualification this time around with Javi Gracia's side languishing in 13th.

So Guedes shouldn't be written off just because his own statistics are a little underwhelming - Cristiano Ronaldo is such a big fan of his compatriot he allegedly wanted him to replace Gareth Bale at Real Madrid. If Pedro Neto were to be prised away, Guedes could be an excellent replacement.

In other news, fans flocked to another transfer update on Monday.