Wolverhampton Wanderers have spent big on a number of players over the years, with the Old Gold using their European links to full advantage.
The club have signed stars from the likes of Atletico Madrid, Barcelona and FC Porto, but who is Wolves’ record arrival? Here, we’ve taken a look at Wolves’ 10 most expensive signings.
Rank
Player
Fee
Signed from
Year
Matheus Cunha
£44m
Atletico Madrid
2023
Matheus Nunes
£38m
Sporting CP
2022
Fabio Silva
£35.6m
FC Porto
2020
Raul Jimenez
£30m
Benfica
2019
Nelson Semedo
£28m
Barcelona
2020
Goncalo Guedes
£27.5m
Valencia
2022
Tolu Arokodare
£24m
Genk
2025
Jorgen Strand Larsen
£23m
Celta Vigo
2025
Nathan Collins
£20.5m
Burnley
2022
Fer Lopez
£19m
Celta Vigo
2025
Andre
£18.5m
Fluminense
2024
Jonny Otto
£18m
Atletico Madrid
2019
Adama Traore
£18m
Middlesbrough
2018
Daniel Podence
£17m
Olympiacos
2020
Emmanuel Agbadou
£16.6m
Reims
2025
Patrick Cutrone
£16m
AC Milan
2019
Rui Patricio
£16m
Sporting CP
2018
Joao Gomes
£15m
Flamengo
2023
Sasa Kalajdzic
£15m
Stuttgart
2022
Jhon Arias
£15m
Fluminense
2025
Here's a detailed look at Wolves' 10 most expensive signings… 10 Fer Lopez £19m from Celta Vigo
An attacking midfielder who can play out on the wing, Wolves won the race for Fer Lopez in 2025, spending £19m on his services from Celta Vigo.
Lopez, who was 21 when he put pen to paper on a five-year contract in the Midlands, will be looking to become a star at Molineux and the latest foreign star for the Old Gold.
9 Nathan Collins £20.5m from Burnley
Following Burnley’s relegation to the Championship in 2022, Wolves acted swiftly to secure the services of defender Nathan Collins in a transfer worth more than £20m.
However, Collins’ time at Molineux was short-lived, and 12 months after signing, the Irishman was sold to Brentford, at least for a small profit.
8 Jorgen Strand Larsen £23m from Celta Vigo
Jorgen Strand Larsen’s initial loan move at Wolves became permanent in 2025 for a reported fee of £23m.
The Old Gold quickly had the chance to make a huge profit on the Norwegian striker, with Newcastle making bids for his services the same summer. However, Wolves rejected those bids and kept hold of their star forward.
7 Tolu Arokodare £24m from Genk
Wolves’ deadline day signing in 2025 was forward Tolu Arokodare, who cost slightly more than Strand Larsen at £24m.
The 6ft 6in Nigeria international signed a four-year deal at Molineux after scoring freely in Belgium with Genk.
6 Goncalo Guedes £27.5m from Valencia
After coming through the books at Benfica, Goncalo Guedes played for PSG and Valencia before signing for Wolves in a £27.5m deal in 2022.
But as one of many Portuguese stars to arrive following the influence of super-agent Jorge Mendes, the versatile forward struggled to make an impact in the Midlands, and in 2025, was sold to Real Sociedad.
5 Nelson Semedo £28m from Barcelona
Right-back Nelson Semedo was a regular for Wolves after arriving from Barcelona in a £28m transfer in 2020.
The Portugal international was named club captain in December 2024, taking over from Mario Lemina. However, the defender left the club after his contract expired in 2025.
4 Raul Jimenez £30m from Benfica
Raul Jimenez was a big signing following Wolves’ promotion to the Premier League in 2018, and his loan move from Benfica was made permanent for £30m just 12 months later.
The Mexico international scored 57 goals for the club in 166 appearances before signing for Fulham in a £5.5m deal in 2023.
3 Fabio Silva £35.6m from FC Porto
A big-money signing that didn’t go to plan for Wolves was for forward Fabio Silva, who arrived for a then-club-record £35.6m fee at the age of just 18.
Silva’s time at Molineux saw him loaned out to Anderlecht, PSV, Rangers and Las Palmas, scoring just a handful of goals for the Old Gold before being sold to Borussia Dortmund.
2 Matheus Nunes £38m from Sporting CP
After starring with Sporting CP under Ruben Amorim and catching the eye of Pep Guardiola, it was Wolves who ended up signing Matheus Nunes for £38m in 2022.
The midfielder’s time at Molineux only lasted one season due to his impressive Premier League displays, with Guardiola and City taking him to the Etihad for more than £50m.
1 Matheus Cunha £44m from Atletico Madrid
Matheus Cunha is currently Wolves’ most expensive signing of all time, with the Brazilian striker costing £44m from Atletico Madrid.
He moved to Molineux initially on loan in January 2023 with a permanent deal being activated that summer. Cunha went on to star in a struggling Wolves side, and as a result, moved to Man Utd for more than £60m.