Vitor Pereira has signed in as new Wolves manager until June 2026.
This was disclosed by football transfer expert Fabrizio Romano in a tweet on Thursday morning.
According to Romano, Al Shabab receive an exit clause payment of around £1million from Wolves for Pereira.
The Premier League club had parted company with manager Gary O’Neil and his backroom staff few days ago.
O’Neil was sacked after Wolves’ Premier League 2-1 defeat against Ipswich Town.
“Vitor Pereira has signed in as new Wolves manager until June 2026, agreement sealed,” Romano tweeted.
“Al Shabab receive exit clause paykent for their coach around £1m and Wolves statement will follow soon.”