Joao Moutinho agrees new one-year Wolves deal

Joao Moutinho is signing a new contract at Wolves, in a significant boost for head coach Bruno Lage.

The Portugal international has agreed terms on a one-year deal to extend his career in the Premier League and finally end the uncertainty over his future.

Moutinho, 35, produced arguably his best season for Wolves last term and Lage has been determined to keep the midfielder at Molineux for his second campaign, with his contract expiring.

Negotiations have been ongoing since the end of last season but an agreement was struck over the weekend, with Moutinho agreeing to a 12-month contract.

Moutinho will fly back into England to return to first-team training on Wednesday, with the club understood to be delighted at retaining one of their key players.

Signed from Monaco for £5 million in July 2018, Moutinho has been the standard bearer within the dressing room with his professionalism an inspiration to team-mates and the club's academy.

Wolves are working on transfer targets and though the market is proving slow, there is no panic over the lack of additions.

Lage is targeting a right-sided defender, another midfielder and a striker as he bids to freshen up his squad after a disappointing end to last season.

Morgan Gibbs-White, the England under-21 international, is a target for Premier League clubs including Nottingham Forest and returned to training as planned on Monday.

A new contract is on the table for the young attacker but is not seen as "a deal-breaker", according to sources, and the current stance within Wolves is that Gibbs-White is not for sale unless they are offered a huge fee of over £20m.

Gibbs-White was watched by Wolves technical director Scott Sellars in Sheffield United's play-off semi-finals against Forest and the club view him as part of their plans.

Ruben Neves has also returned to training and the situation with the Portuguese midfielder is fluid, with clubs including Barcelona interested, but once again the fee will need to be significant for Wolves to consider doing business.