The 26-year-old is expected to undergo a medical today (Friday, January 28), and return to the side he represented during his youth career.
Reports earlier this week suggested that Tottenham Hotspur were closing in on a deal, but Wolves had rebuffed their £15million bid for the Spain international
Traore is expected to take over from Ousmane Dembele whose future at the club remains uncertain ahead of the final few days of the window.
It’s being reported that Dembele is potentially open to an exit now but finding a new club before the window closes next week may be difficult.