£16.9m Wolves star wanted for cut-price transfer fee by Europa Conference League finalists

Daniel Podence has one year remaining at Wolves. Olympiacos want to sign him for less than his release clause. (Image: Getty Images)Daniel Podence has one year remaining at Wolves. Olympiacos want to sign him for less than his release clause. (Image: Getty Images)
Daniel Podence has one year remaining at Wolves. Olympiacos want to sign him for less than his release clause. (Image: Getty Images) | AFP via Getty Images
Latest Wolves transfer news as Olympiacos - owned by the Nottingham Forest owner - want a Wolves player on the cheap.

Olympiacos are interested in signing Daniel Podence from Wolves permanently but want to pay less than his release clause, according to a report.

Giannis Chorianopoulos, an Editor for Greek outlet Sprotime says that Olympiacos want to sign him, but would prefer to pay less than the €6m buy-out clause in his loan deal. If Wolves aren't willing to go any lower then they will still end up paying the buy out clause.

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Should Olympiacos buy Podence for the reported €6mthen it would represent a £11.8m loss on the reported £16.9m fee that they paid for him back in 2020. He was signed from the Greek giants in the second-half of the 2019/20 season when Nuno Espirito Santo was in charge.

Podence's deal at Wolves runs out in the summer of 2025 though there is a further one year extension on that. If an agreement can be arranged, the money from Podence’s potential sale could be put in to reinvesting back in to the first-team squad.

First-team manager Gary O’Neil made an admission last week that Wolves will have to move players off of their books if they are to make any major signings in the summer transfer window.

Podence was loaned out to Olympiacos on September 4 after falling down the pecking order at Molineux. The one-cap Portugal international has played regular football back at his former club with 14 goals and 12 assists in 45 appearances. Podence set up two goals against Wolves' West Midlands rivals Aston Villa, knocking them out of the Europa Conference League.

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The 28-year-old could return to Wolves a winner of a major European trophy as they play Fiorentina in the final on Wednesday, May 29 in Athens. To date, Podence has played 105 times for Wolves with 16 goals and eight assists.

Last September, sporting director Matt Hobbs said: “It’s no secret that Daniel was keen to look at new options this summer, but nothing came which suited us or Daniel, but this is an opportunity for him to go back where he was and play European football, and he was great in understanding that for us to allow it, he had to sign a contract.

“There’s still a possibility Daniel comes back and plays for Wolves again, but it was the right time to let him go and play this season. He can either come back after the season or we’ll be negotiating next summer with a player with a longer contract. He was respectful and didn’t push back – he was happy to protect the club. We’ll stay in touch this season, and I want him to do well, to either come back and play for us in good form or maximise his value.

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