/**
 * Moves an element into a wrapper structure and creates a new slot in the wrapper structure.
 * The wrapper structure is inserted into the DOM before the element.
 * If the function is passed an array of formats that should not be allowed for this wrapper, it adds an attribute to the wrapper structure.
 * If the function is passed an array of formats that should be allowed for this wrapper, it adds an attribute to the wrapper structure.
 * @param target - The target element or selector string.
 * @param excludedFormats - An optional array of excluded formats.
 * @param allowedFormats - An optional array of allowed formats.
 */
export declare function advantageWrapAdSlotElement(target: HTMLElement | string, excludedFormats?: string[], allowedFormats?: string[]): void;