Wolverhampton Wanderers have reportedly decided to sign both Willy Boly and Benik Afobe on a permanent basis.

Wolves earned promotion to the Premier League last weekend and although the club still have work to do in order to secure the Championship title, plans are already being put in place ahead of next season.

According to The Telegraph, the West Midlands outfit are planning on spending £20m in order to complete the signings of Porto defender Boly and Bournemouth forward Afobe, with the duo impressing on loan at Molineux this campaign.

Boly has been instrumental on the left side of a three-man defence with the 27-year-old starring in 34 appearances at the second tier, while Afobe has netted five times since returning to his former club in January.

Both players are expected to cost in the region of £10m apiece, while Wolves will also take up their option on Atletico Madrid loanee Diogo Jota in the coming weeks.