Sanches is another one of Jorge Mendes' clients, with there being plenty already at the club.
The club is currently filled with Portuguese players, which is largely due to Nuno Espirito Santo's great trust in his fellow countrymen, and due to Jorge Mendes' links with the club.
This will be the second time that Sanches will play in the Premier League, having undergone a very tough loan spell at Swansea City in 2017/18, where he played 15 games in all competitions, providing just one assist. He was part of the Swansea side that got relegated from the Premier League under the management of Carlos Carvalhal.
Calciomercato are reporting that Wolves will move in for the 23-year-old, who only joined Lille permanently in August 2019 for £22 million, and has impressed in France.
The midfielder managed averages of 2.6 dribbles, 1.8 key passes and 1.6 shots each game, according to data from WhoScored.
He is seen as a potential future replacement for Wolves veteran Joao Moutinho, who is start to show signs of ageing this season after two very good seasons in the Premier League.
Renato Sanches was once a nominee for the Golden Boy award in 2016, and was compared to the likes of Edgar Davids and Clarence Seedorf when it comes to his play style.
Lille captain Jose Fonte once claimed that he is "huge" and that in the future he "can go onto have a very, very great career at the highest level".
Right now, he is valued at around £18 million, and he could be quite a bargain for Wolves, who are looking to add to their midfield options.