Raul Jimenez will leave Wolves' training camp in Portugal and is set for a medical with Fulham on Monday after a £5.5m fee was agreed.
John Percy of The Telegraph also reports that that Daniel Podence is also expected to leave in this window after staying back in England and is training on his own at Compton.
The Mexican had been one of the stand-out performers in Nuno Espirito Santo's Wolves side that finished seventh in the Premier League in 2018-19 and 2019-20 on their return to the top-flight.
However a horrific head injury sustained in a challenge with Arsenal's David Luiz in November 2020 would put an end to his momentum as one of the underrated strikers in the Premier League.