However, work permit issues could complicate the transfer. Wolves might have to pay over the odds (a higher fee and more wages) to secure his signature.
The 24-year-old Brazilian is not a key player for Lazio and he will be allowed to move on this summer. Wolves have the finances to make the move happen but external factors could influence the transfer in the end.
Wolves will need a deeper squad to deal with European football next year and signings like Wallace would allow Nuno to rotate more and keep his key players fresh.