Wolves set to sell Morgan Gibbs-White to Nottingham Forest in deal worth up to £42.5m

The 22-year-old has been a long-term target of Forest boss Steve Cooper, who worked with Gibbs-White in the England youth system and at Swansea.

Wolves will receive a guaranteed £25million, with £7million-£10million of likely add-ons, which could take the deal to £35million.

On top of that, there are several ambitious add-ons that could take the full fee to £42.5million.

The newly-promoted club previously had three offers rejected for the forward, the latest was £25million with £10million in add-ons which was swiftly rejected.

Wolves head coach Bruno Lage is a big fan of Gibbs-White and has started him in the opening two games this season – and has consistently said he wants to keep him.

He did, however, warn that Wolves would cash in for the right offer if Gibbs-White would not sign a new deal, to avoid a situation like the one with Adama Traore, who now looks set to leave on a free at the end of this season. Last week Lage said: “I want him, but we need to understand that one thing is what I want and the other thing is the question of the market,” Lage said. “We cannot have players that go until the end of their contract like Adama (Traore). He is very happy and will play for us, but in one year he is free.

“I also need to understand that part from the club and the fans need to understand it too.

"If we keep the players and then they go and we have nothing to replace. We are trying to do our best. I want to keep all the players with me, but in the end we need to find the right balance."

Gibbs-White was offered a new contract in May but has yet to sign it and the Express & Star understands he had no intention to sign it, which resulted in Wolves agreeing to let him go. He is having his Forest medical today.

The deal represents good business for Wolves, as they have received a substantial fee for a player who has only scored once and assisted once in 48 Premier League games.

Gibbs-White also struggled in the opening two games of the season, despite having a positive pre-season.

Wolves will now look to bring in a striker before the end of the transfer window.