Manchester United and Wolverhampton have agreed to a deal for Brazilian forward Matheus Cunha.
Reports suggest United triggered a £62.5 million ($84 million) release clause.
Wolves announced Sunday a club-record transfer fee for Cunha, thanking him for his service.
To complete his move to Old Trafford, Cunha was in Manchester over the weekend to finalize the details, subject to visa and registration approval.
In the Premier League’s recently concluded season, he scored 15 goals playing for Wolves. United came in 15th, just ahead of Wolves, who finished 16th.
Cunha will be in Brazil’s squad for Friday’s World Cup qualifier against Ecuador, marking Ancelotti’s debut as manager.