Wolves have smashed their transfer record to sign Ruben Neves from Porto.

Defensive midfielder Neves has signed a five-year deal for around £15million to link up with former manager Nuno Espirito Santo.

The Championship club also confirmed a loan deal for defender Willy Boly who follows Neves from Porto and has penned a season-long loan deal as they continue to revamp their squad ahead of the new season.

The club are also close to signing former Norwich goalkeeper John Ruddy on a free transfer after Carl Ikeme's shock leukaemia diagnosis.

Portugal international Neves made 76 appearances for Porto and the fee tops the £12million Wolves paid for Helder Costa in January.