West Ham have agreed a deal worth a potential £10.75m for Wolverhampton Wanderers winger Matt Jarvis.
The fee was settled between the clubs late on Wednesday night and the 26-year-old England international will travel to London on Thursday to discuss personal terms ahead of a medical.
Wolves had turned down three previous bids from the Hammers, but finally accepted an offer of £7.5m up front.
Further add-ons will take the package past £10m, a West Ham club record.
Sunderland have agreed an initial £12m fee with Wolverhampton Wanderers for striker Steven Fletcher.
The 25-year-old has travelled to Wearside to finalise the deal and a medical is expected on Thursday.
The transfer could be worth up to £14m, with a series of performance-related add-ons included in the agreement.
You have to hand it to Wolves. If Santi Cazorla, double European Championship winner and esteemed understudy to Xavi for Spain, is worth £15m then how on earth have the midlands outfit squeezed £14m out of Sunderland for Steven Fletcher and £10.75m from West Ham for Matt Jarvis.
No one is questioning the qualities of the two players in question. At one point, tricky winger Jarvis looked like he had a genuine chance of cementing himself in the England set-up, after a series of impressive performances for the rarely impressive Wolves. And Fletcher has always been a dangerous striker to have in you team, particularly for crosses and set-pieces.
But their inflated transfer fees is indicative of their nationalities rather than their talents. British players, particularly those proven in the Premier League, consistently sell for a premium, with Michael Dawson, who is set to leave Spurs for £9m, another good example.
Hammers boss Sam Allardyce and Sunderland’s Martin O’Neill will no doubt be delighted at signing proven Premier League quality but as Kenny Dalglish’s reign at Liverpool indicated, this tactic doesn’t always pay dividends.
Arguably there is more value in taking a risk on foreign players: Rafa van der Vaart, Yohan Cabaye and Papiss Cisse were all cheaper than Fletcher and Jarvis, while the signings of Michu for Swansea and Kevin Mirallas for Everton suggest there are still bargains to be found overseas.
As for Wolves, reports this morning suggest Everton are interested in a double swoop for Wanderers’ pair Kevin Doyle and Stephan Ward. At the this rate, the Molineux outfit could end up with no players and a shed load of cash. Hopefully boss Stale Solbakken will be given some of the money to spend.
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