Nurnberg midfielder Zvjezdan Misimovic is set to join Wolfsburg.
The 25-year-old Bosnia international, who has shunned a move to England, revealed that he had agreed personal terms with Wolves boss Felix Magath.
"I have reached an agreement with Wolfsburg, now it's up to the clubs to sort out the rest," Misimovic told Kicker.
Nurnberg sport director Martin Bader has also confirmed that he is prepared to let the former Bochum man move on in order to help fund a squad that can challenge for promotion again next season.
"There won't be a lot of poker," he said.
"If the fee that we are offered is ok, then we're prepared to let him go."
Misimovic could be the first of several new summer signings for Magath as he attempts to build on the late-season charge that saw the Wolves bag a Uefa Cup berth on the last day of the Bundesliga season:
"Now we can start talking to players who insist on being able to play international football," he commented.
Meanwhile, relegated Nurnberg have confirmed it will give its management team the chance to lead the club back into the top flight next season.
Coach Thomas von Heesen and Bader were both given the club's backing following an emergency board meeting on Sunday.
"We are certain that with Martin Bader and Thomas von Heesen we will be able to put a team together that will get us back into the Bundesliga," club president Michael Roth told the German press.
"The disappointment at our relegation is huge, but we have put this club on a financially stable footing over the last few years and so provided the basis for being able to deal with this sporting blow."