The Premier League has decided to investigage newly promoted Wolverhampton Wanderers for their relationship with agent Jorge Mendes, according to a report in The Guardian.
Wolves's current owners, the Chinese holding company Fosum, hold 20 percent of shares of Gestifute, Mendes's agency through one of its partners Shanghai Foyo, a situation which the English Football League (EFL) is currently analysing.
Wolves won promotion back to the Premier League last week, three weeks before the end of the season and the Premier League announced its intention to open an investigation into whether the club are failing to comply with the rules of the Football Association (FA).
The Guardian explains in its report that the rules state that "an entity with an interest in a club cannot have an interest in the business or the affairs of an intermediary or an intermediary company".
Interest is defined as "holding five percent of shares or being in a position of having any association that could permit the exercise of any material, financial, commercial or administrative influence or influence of any type over the club's affairs in a direct, indirect, formal or informal way."
Many players from Mendes's Gestifute agency signed for Wolves in the last year, such as Ruben Neves, Diogo Jota, Ruben Vinagre and Rafa Mir, while the club's coach Nuno Espirito Santo is also a Mendes client.