The initial fee is 15 million pounds, rising to 19 million pounds with potential add-ons linked to performance and European qualification.
The 27-year-old has signed a four-year contract at Molineux, with the option of a further year. Arias will wear the number 10 shirt previously worn by Matheus Cunha, who joined Manchester United last month in a 62.5 million pounds transfer.
Capable of operating on either flank, Arias is not seen as a direct replacement for Cunha, but as a versatile attacking option with a proven record in South America.
Arias arrives from a successful spell at Fluminense, where he played 229 games and registered 47 goals and 55 assists-the second-highest assist tally in the club’s history this century. A key figure in their Copa Libertadores-winning campaign in 2023, Arias also featured in the Club World Cup earlier this year, where Fluminense reached the semi-finals before being eliminated by Chelsea.
During the tournament, he created 18 chances across six matches-more than any other player – earning three man-of-the-match awards and a spot in the team of the tournament. Former Brazil international Kaka described Arias as “an extremely dangerous player who can decide a match at any moment.”
Despite primarily being a winger, Arias was deployed as a forward during Fluminense’s Club World Cup run and maintained his influence, leading the squad in touches per 90 minutes (68), open-play shot involvement, and possession regains.
Arias has earned 31 caps for Colombia and will be reunited at Wolves with national team colleague Yerson Mosquera, as well as former Fluminense teammate Andre, who joined the Premier League side earlier this season.
This marks Wolves’ second senior signing of the window under manager Vitor Pereira, following the arrival of Spanish midfielder Fer Lopez from Celta Vigo. Arias’ experience and creative output add depth and maturity to a Wolves side aiming to push for a top-half finish and potentially challenge for European qualification.
Though Arias arrives in England at a later stage than many of his South American peers, his consistent performances in Brazil and on the international stage make him a seasoned, high-impact addition to Pereira’s squad.