Spanish journalist Guillem Balague has said that the potential takeover of Wolverhampton Wanderers is currently being assessed by the Football Association.
Reports have suggested that Chinese billionaire Robin Li wants to buy the Championship outfit from current owner Steve Morgan, as well as installing former Porto chief Julen Lopetegui as the club's new manager.
It had earlier been suggested that the change in ownership could be completed by the end of the week but Balague has indicated that the FA must evaluate the necessary documentation involved in any takeover before a deal can progress any further.
The @FA has all the documentation from the potential @OfficialWolves buyers. Early next week they should get permission to reach next stage
— Guillem Balague (@GuillemBalague) July 8, 2016
Li is also said to be involved in negotiations to purchase a significant stake in Italian giants AC Milan.
Current boss Kenny Jackett has hinted that the ongoing negotiations are scuppering attempts to sign new players, with goalkeeper Andy Lonergan the only new face at Molineux ahead of the club's first pre-season friendly this weekend.
Darren Plant
