Wolves have reached a “full verbal agreement” to sign Atletico Madrid forward Matheus Cunha on an initial loan deal, as per transfer guru Fabrizio Romano.
This development will come as a disappointment to all those at Leeds, with Cunha being on the club’s radar for quite some time.
The 23-year-old’s impressive form at Bundesliga outfit Hertha Berlin was what initially attracted the Whites’ attention, but they were pipped to securing his signature by Atletico during the 2021 summer transfer window.
Cunha’s admirable performances continued during his first season in Spain, in which he scored and assisted seven goals apiece.
Since the beginning of this term Cunha’s form has dipped drastically however, which triggered mass speculation that he would seek a way to leave the Spanish giants in January for the Premier League.
A report from The Athletic’s David Ornstein declared Wolves “early favourites” to sign the struggling forward, but that Leeds, Arsenal and Everton were also in the race.
Wolves appear to have capitalised on their position as favourites according to a tweet from Romano which claims a “full verbal agreement” has been reached between Atletico Madrid and Wolves, with “personal terms” also having been agreed.
The deal is described as a “loan with obligation to buy”, with the total transfer fee for next summer sitting at around €40/50m.
A medical with Wolves is also scheduled to take place soon, with all other documentation being prepared over the next few days.
This is disappointing news, but with the recent reports which have emerged over the last few days linking Cunha heavily with Wolves, it is hardly surprising he has ended up moving to the midlands rather than West Yorkshire.
Perhaps losing out on the Brazilian will prove to be a blessing in disguise, as Leeds know better than most the dangers of loan to buy deals, as seen through disappointing signings such as Helder Costa but more notably through the transfer saga surrounding Jean-Kevin Augustin.
€40/50m is no small sum, after all.
For the club, it is critical that they move on to other forward targets as quickly as possible and don’t linger on what could have been in January.
Leeds’ Premier League survival may very well depend on it.