Wolverhampton Wanderers are ready to spend £20 million to sign loan players Benik Afobe and Willy Boly after sealing promotion to the Premier League.

Bournemouth forward Afobe is poised to complete his return to Molineux this summer for a fee of about £10m, following an impressive spell on loan. The striker, who left Wolves for Bournemouth in January 2016, has scored five goals since joining his old club in the January transfer window.

Wolves are also planning on triggering an option to sign Boly, one of their stars of the season, in a long-term £10m deal from Porto. The French central defender was signed in July by his former Porto manager Nuno Espirito Santo and has been outstanding during his season’s loan.

Wolves also have other options to sign loan players Leo Bonatini and Alfred N’Diaye as they prepare for a return to the top-flight, for the first time since 2012.

Afobe said: “Obviously I’m contracted to Bournemouth, I’ve had a great time there and I’m only on loan.

Benik Afobe has scored five goals since his return to Molineux on loan in January credit: James Baylis - AMA/Getty Images

“I’ve got to show respect to Bournemouth so we’ll have to look and see what happens in the summer. It has been great here from day one and to be top of the league and promoted with three games is to go is unreal.

“The manager and staff have been great and it’s been an unbelievable experience.”

Wolves will clinch the Championship title if they take a point against Bolton on Saturday, while they could also top 100 points from their remaining games.

And it has emerged that Wolves’ squad and coaching staff are heading to China for a post-season celebration when the campaign is finished. Fosun, the Chinese owners, are ready to roll out the red carpet after an excellent season for the club they purchased for just £30m in July 2016.