Wolves have agreed a fee of £1,000,000 rising to £1.5 on appearances.
'We have agreed a fee but the deal will of course be subject to a medical. ' CEO Jez Moxey said ealier today, adding
'Seol is a good person and a good player but he never made the impact on the pitch that we were hoping when we signed him from Anderlecht.
'He has publicly and privately expressed his wish to leave Wolves to play in the Premier League. We had two offers from Premiership clubs and some interest from Germany as well, but it was Reading who offered a deal that both the player and Wolves found acceptable.
'We wish him well.'
Seol arrived in Wolverhampton in a blaze of publicity after former manager Dave Jones uncovered a release clause in his Anderlecht contract for what seemed like a bargain bid of £1.2 million.
No one will forget Jez infamous ' guarantee of 20 goals a year.' statement at his unveiling, or his subsequent loss of form after Glenn Hoddle chose to deploy him wide right after watching him flourish playing in the hole behind the strikers.
On his day, Seol can be breathtaking. At his worst he can be a poor man's Cristiano Ronaldo, without all the falling down.
So for Seol, it's the bright lights of The Premiership and a chance to prove his doubters wrong.
For Wolves, the best that can be said is they have almost ecouped their initial outlay, and may even make a little profit on a player that promised so much, but in the final analysis, tendered little