Patrick Cutrone has landed in Valencia where he will undergo his medical tests with the La Liga side.
The former Milan and Fiorentina striker ended his loan spell at the Artemio Franchi earlier in January to make Wolves return.
He had been linked with a move to Parma and Udinese, but the product of Milan academy eventually reached an agreement to join Valencia on loan until the end of the season.
The 23-year-old has just arrived in Valencia to undergo his medical tests with Javi Garcia’s side.
According to reports in Italy, Valencia won’t have an option to make the player’s move permanent at the end of the season.
Cutrone scored five goals in 34 games in all competitions with La Viola.