Ivan Cavaleiro completes move to Wolverhampton Wanderers

AS Monaco winger Ivan Cavaleiro has signed a five-year deal at Wolverhampton Wanderers.

Cavaleiro has been linked with a switch to Molineux ever since Fosun International completed a successful takeover of the club and after weeks of speculation, he has signed on the dotted line at the Championship club.

Last summer, Monaco paid Benfica a fee in the region of £13m to sign the 22-year-old but he made just seven starts and seven substitute appearances in Ligue 1.

He has also spent a year playing in La Liga with Deportivo La Coruna and while Wolves have chosen against disclosing the fee, he arrives in the Black Country as arguably the club's biggest transfer of a hectic summer.

Earlier on Wednesday, Wolves announced that they had re-signed defender Richard Stearman, while reports continue to link the club with a move for Derby County forward Chris Martin.