Gary O’Neil wants to sign a ‘No. 9’ forward and a winger in the January window, but Wolves must also limit their spending.
Wolves are aiming for a net-zero transfer window this month and will prioritize loan acquisitions, with West Ham’s Danny Ings surfacing as a possible target.
Gary O’Neil wants to recruit a ‘No 9′ forward and a winger in the January transfer window, and Wolves are closely monitoring their finances to avoid violating the Premier League’s Profit and Sustainability Rules [PSR].
Wolves’ cautious attitude has been vindicated when Everton earned a 10-point deduction in December, and a number of other teams are walking a financial tightrope to prevent further punishment.
With the club expected to announce financial losses of £65 million in the next few months, Wolves are determined to rein in their spending after a significant outlay last January.
Wolves were languishing in the relegation zone 12 months ago and spent around £32 million on fees for the signings of João Gomes, Mario Lemina, Craig Dawson and Pablo Sarabia, who have all featured prominently in the club’s recent run of excellent form.
Matheus Cunha also arrived on an initial loan before completing a permanent £44 million move in the summer.
Ings, the England international, is on Wolves’ list of targets this month after falling out of favour at West Ham.
The 31-year-old has started only four games in all competitions this season but is a proven operator at this level, with O’Neil an admirer.
Wolves are only looking at loan deals this month and are likely to wait for more options to become available before moving later in the window.
Viktoria Plzen forward Rafiu Durosinmi was previously a £7 million target, with the two clubs holding talks, but any deal is now off amid fears over a knee injury.
After raising over £140 million in the summer, Wolves are not anticipating the sales of any more first-team stars.
There has been interest in a number of players including Pedro Neto, Max Kilman and Lemina, but the squad is happy, united and progressing under O’Neil, who has guided his team to eight games unbeaten at Molineux.
Fabio Silva has already left on loan to Rangers, with Sasa Kalajdzic set to follow him in the coming days on loan to Eintracht Frankfurt.
O’Neil is also looking for a winger, as Neto is the only pure wide attacker in the squad.
Wolves are heading to Abu Dhabi for a warm-weather training camp this week, as they do not play again until mid-January in an FA Cup replay against Brentford.