Wolves have agreed a deal to sign Iceland international Bjorn Sigurdarson subject to the player agreeing terms and passing a medical.
Sigurdarson, 21, is expected to ink a four-year contract With Championship side Wolves after an undisclosed fee was agreed with Lillestrom.
The striker is committed to playing in the Norwegian Premier League club's next three games before joining Wolves on July 13 to become boss Stale Solbakken's first signing.
"I am very pleased that an agreement has been reached for us to sign Bjvrn,'' said Solbakken in a club statement. "He is an exciting young prospect who has the quality to help us achieve our aims both in the short and long term.
"We look forward to the deal being completed next month after which Bjvrn will be able to join us as we prepare for the new season.''
Wolves CEO Jez Moxey added: "Negotiations have been slightly more complex than usual due to the Norwegian League being halfway through the season, but as a result of extensive discussions we now have an agreement.
Sigurdarson, the half-brother of former Wolves midfielder Joey Gudjonsson, has been in impressive form for Lillestrom this term, netting seven goals in 11 appearances.