Reliable journalist Fabrizio Romano has now shared a 'crucial' Wolves transfer update involving Atletico Madrid defender Felipe.

The Lowdown: Wolves making moves...

Old Gold boss Julen Lopetegui and the Wolves hierarchy have been busy behind-the-scenes in this January transfer window having already completed deals for Mario Lemina, Pablo Sarabia and Matheus Cunha.

According to recent reports, the Molineux side could also be close to the signing of West Ham defender Craig Dawson with both clubs apparently agreeing a fee for the Englishman.

Wolves are not only adding firepower, but also shoring up defensively, as Lopetegui attempts to steer the Midlands outfit away from Premier League relegation.

However, despite the links surrounding Dawson, it is believed that Wolves could also still add fellow defender Felipe to their ranks before deadline day.

The Latest: Romano shares 'crucial' Felipe update...

Taking to Twitter, journalist Romano claims the next 24/48 hours will be 'crucial' as Wolves attempt to close an agreement for the Brazilian.

They are apparently set to be in contact with Atletico again in that time in what could be a transfer-defining next two days.

He explained:

"Atlético Madrid and Wolves will be in contact again to close Felipe deal in the next 24/48 hours. It's crucial moment for the negotiation."

The Verdict: Good news...

The fact Wolves appear to be going for both Dawson and Felipe signals real intent from the Old Gold and a willingness to back Lopetegui.

In terms of quality, Felipe would be a real coup given his trophy-winning pedigree and potential experience he would bring to the Wolves dressing room.

The South American ace has two league titles across two clubs under his belt, not to mention a FIFA Club World Cup winner's medal to boot.

Making 113 appearances for Atletico and 142 appearances for FC Porto across all competitions respectively in his career, he has also been capped twice by Brazil (Transfermarkt).

The 33-year-old would undoubtedly bring a mature head and one capable of inspiring others in Lopetegui's ranks.

Felipe is out of contract at the end of 2022/2023, meaning Atletico may let the player join Wolves for a very reasonable fee.

There appears to be little roadblocks for this move as Wolves look to seal the £127,000-per-week player's signing.