Wolves signed 18-year-old striker Fabio Silva from Porto for a reported $46 million.

The fee breaks their previous transfer record of $35 million for Raul Jimenez.

Silva has scored 1 goal in 12 senior side appearances for Porto.

"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," said Wolves chairman Jeff Shi.