Jimenez is a client of super agent Jorge Mendes, an agent who has a vested interest in the club. Wolves already have stars like Ivan Cavaleiro, Helder Costa, Ruben Neves and manager Nuno Espírito Santo represented by Mendes.
Jimenez would be a more experienced forward for Wolves having played at Champions League level in both Spain and Portugal. He has also made 63 appearances for the Mexican national side, notching up 13 goals, and will likely be heavily involved for Mexico in the upcoming World Cup.
The player moved to Benfica from Atletico Madrid for around £20m and has now spent three seasons with the Portuguese giants. He struggled for form somewhat last season starting just six games for Benfica, which has made the club open to selling their star.
He still notched up eight goals in all competitions last season however, and will likely add some much-needed firepower to Wolves front line.
The Black Country side have already made loan moves permanent for Diogo Jota, Willy Bolly and Benik Afobe this summer, and will look to replicate the successful pattern adding Jimenez to the side.
Afobe could be on his way out of the club in the same transfer window though as Wolves will look to turn a quick profit selling the striker to local rival Stoke City,