Wolves have confirmed the club-record signing of Porto striker Fabio Silva.
Executive chairman Jeff Shi praised the sudden £35.6m capture of teenager Silva as the “perfect signing at the perfect moment”.
“We’ve been following Fabio’s development for a long time,” he told the club’s official website. “He’s a player that you only need several minutes to see his natural football talent.
“In recent years, Fabio has been developing very fast and now has proven himself in Porto’s first team, which is a top squad.
“Our head coach’s requirement for quality is very high, but he thinks Fabio is an important signing who will help the team immediately this season.
“The timing of this deal is similar to the timing of when we bought Ruben Neves; we’ve waited for the right time to get a high-quality player at the right price.”
Silva only made his professional debut in 2019/20, making 18 appearances and scoring three goals for the Primeira Liga champions.
The 18-year-old had the highest release clause in all of the Portuguese league at £111m, but Porto’s desire to strengthen their squad has seen them cash in on one of their most exciting talents.
Silva became Porto’s youngest debutant, starter and scorer last season and is yet to even be capped by Portugual U21s, but managed to attract attention from across Europe in his services.
He has become the most expensive signing in Wolves history at £35.6m, beating future competition in the striking ranks, Raul Jimenez (£30m).
“Our recruitment team have been watching Fabio since he played for Portugal under-16s and they feel he has always been the best number nine coming through his age group anywhere in Europe,” Shi added.
“Fabio is a young player who shows not only incredible technical ability, but also his game intelligence for a player of his age is top class.
“He has the ability to drop in to link play and hold the ball up to bring others into play. He always then looks to get in the box and his movement and intelligence in the penalty area is as good as anyone’s.
“Fabio has the potential to be a generational talent and for us to see him develop under Nuno is very exciting. He is the type of player our fans will love.”