Wolves are on the verge of completing a move for Estoril and Portugal under-21 winger Chiquinho, according to reliable journalist Tim Spiers.

The Lowdown: Chiquinho impressing in Portugal

The 21-year-old has been making a name for himself in his homeland, impressing out wide for Estoril with four goals and six assists in 20 appearances this season - a solid return for a player still learning his trade.

It now looks as though a move to Wolves is on the cards, according to a key transfer update.

The Latest: Spiers makes transfer claim

Taking to Twitter on Saturday as he shared an accompanying article for The Athletic, Spiers posted this update: "Wolves are set to sign 21-year-old Portuguese winger Chiquinho for an initial fee of around £3m."

The journalist added that the forward has "been flying in his breakthrough year for Estoril", with the player set to become the Old Gold's first signing of the January transfer window.

The Verdict: Exciting long-term signing

This is an exciting update from a Wolves perspective, with long-term planning essential in ensuring they continue their current positive momentum.

At 21, Chiquinho may not come straight in as a regular starter, but he could be a strong option from the bench, offering plenty of trickery and end product. It's a move with echoes of the Old Gold signing his compatriot Diogo Jota as a 20-year-old, with the now-Liverpool star netting 18 goals in 46 games in his first season at Molineux, albeit at Championship level.

It looks like Chiquinho is a done deal for Wolves, and one which will bring welcome squad depth as they look to finish in the European places in the Premier League.

In other news, some Wolves fans slammed one player's performance in the win over Southampton. Find out who it is here.