Danny Mills claims that Wolves could demand in excess of £20million for midfielder Joao Moutinho as he closes in on signing a new contract at Molineux.

Speaking exclusively to Football Insider assistant editor Russell Edge, the former Manchester City and England defender says that the Portuguese international was a superb signing for Nuno Espirito Santo last season and that it makes perfect sense to tie him down to a long-term deal.

As revealed by Football Insider, the 33-year-old midfielder has accepted the offer of a new contract with the midlands outfit with his current terms expiring at the end of the current campaign.

Mills says that Moutinho was an excellent acquisition last summer and that a new deal could see his value skyrocket after signing for just £5million.

Mills told Football Insider: “Brilliant bit of business, wasn’t it? Not sure about the ins and outs of the whole deal, given the agent involved and the fingers in pies that he has.

“What they’re going to do now is put him on a long term deal and if someone wants to buy him, they’re going to have to pay £20-£25million and that’s fabulous business from Wolves.

“Anybody that watches football regularly and watches the team regularly will realise what a very, very good player he is.” 

Moutinho has played in all but one of Wolves’ games across all competitions this season, including turning out for the full 90 minutes in six of eight of their Premier League games.

He has a total of 60 appearances under his belt for Nuno’s side, while he also has 118 caps for Portugal.

In other Wolves news, it can be REVEALED that the club are ready to blow Aston Villa out of the water to land north-west player.