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Wolves have announced that Fabio Silva has penned a new one-year contract and he has joined Belgian club Anderlecht on a season-long loan.
The 20-year-old signed for Wolves in 2020 from Porto for a fee that could rise to £37m with add-ons.
The striker has only made 17 starts in the Premier League over the past two seasons.
Wolves technical director Scott Sellars told the club website: “We’ve had lots of discussions between myself and (manager) Bruno (Lage) and with Fabio as well, about what we feel is best for his development, and we felt that a season playing regularly would be very good for him at this point in his career.
“He’s only just turned 20 today, so he’s still a very young boy and he needs a season of playing regular senior football in a competitive league so he can come back to Wolves stronger.
“We saw with the performances of Morgan (Gibbs-White) last year how much of a positive impact a loan can have on a young player, so we believe it’s the right step in his development to follow the same path.”
Silva’s new deal ties him to Wolves until the summer of 2026, with the club holding an option for a further year.
Sellars said: “It was really important for us to sign Fabio to an extended contract before he went out on loan.
“As we’re letting him go from the club for a year, we thought it would be best for everyone involved to secure his future to Wolves for a little longer.
“Fabio understands what we’re trying to do, and this new contract and loan shows that we’re working together to help him develop to be the best player he possibly can be.”
The article Wolves confirm £37m Silva has joined Anderlecht on loan – player also pens contract extension appeared first on Football365.com.