Wolves had two previous bids for McLeod rejected
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Wolves are poised to begin talks with striker Izale McLeod after having a bid of around £1.4m accepted by MK Dons.
The League One club are likely to receive an up-front fee of £600,000 for the 21-year-old with a further £800,000 dependant on appearances.
McLeod has scored 29 goals in 71 starts for the Dons since signing in 2004 for £150,000 from Derby.
The Rams will earn a percentage of the transfer fee for McLeod as part of a sell-on clause.
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