On Saturday, it was claimed that Barca were in talks with a Premier League club over the Portugal international, who is believed to be surplus to requirements at Camp Nou.
Romano claims that a deal for the Portuguese will be completed "soon" as Wolves move to replace Matt Doherty following his switch to Tottenham Hotspur.
Semedo has been a regular for Barca since arriving from Benfica in 2017, making 124 appearances in all competitions, including 42 outings during the 2019-20 campaign.
The defender is expected to cost Nuno Espirito Santo's side in the region of £35m. body check tags ::