Vitor Pereira is due in England today for talks with Wolves.
The Al-Shabab coach has been lined up to replace Gary O'Neil, who was sacked by Wolves on Sunday.
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Wolves and Saudi Pro League club Al-Shabab have settled on a fee of around €1m in compensation for the Portuguese.
Pereira, 56, has agreed terms over an 18-month contract with Wolves.
BBC Sport says the former Porto coach could ink his contract before the end of the day, as he touches down in Birmingham this morning.
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