Wolves have agreed a deal to sign Southend striker Freddy Eastwood.
The Coca-Cola Championship club had an undisclosed bid accepted - thought to be around £2million - for the highly-rated forward and he has now agreed terms on a four-year deal.
Eastwood, 23, has scored 49 goals in 111 appearances for the Shrimpers and caught the eye with several dazzling displays last term, including scoring the winning goal to knock Manchester United out of the Carling Cup.
Wolves moved quickly to secure Eastwood's services after having the bid accepted by Southend earlier today.
Wolves chief executive Jez Moxey told the club`s official website: 'We are delighted to report that following discussions, and a medical, with Freddy at Molineux today, we have now agreed personal terms. Freddy will sign a four-year contract.'
Meanwhile, Wolves manager Mick McCarthy has had a bid for Leicester forward Matty Fryatt turned down.
Foxes manager Martin Allen said: 'We have turned down an offer from Wolverhampton Wanderers for our striker, Matty Fryatt. The offer was nowhere near high enough.'