Wolves have just under two weeks remaining in the transfer window to get their business done.
It is shaping up to be a busy end to the window for the club, after a really positive start to the summer.
Three new players came in at the end of June and start of July – Rodrigo Gomes from Braga, Pedro Lima from Sport Recife and Jorgen Strand Larsen from Celta Vigo.
But it has been all quiet for several weeks now, with two key players in Max Kilman and Pedro Neto leaving.
Fans are hoping to see a couple more new faces before the window closes.
But Wolves are not working with a particularly big budget, with journalist John Percy dropping an update this afternoon.
Wolves currently only have £20m transfer budget despite Neto and Kilman sales
It has been reported today by journalist John Percy that Wolves currently only have a transfer budget of around £20 million with just under two weeks to go until the transfer window closes.
That is despite the fact Wanderers sold Kilman and Neto for a combined £94 million this summer.
It is stated in Percy’s report in the Telegraph that Wolves are still mindful of their financial position, and will only spend a fraction of the money brought in from the Kilman and Neto sales.
But this £20 million budget does not include potential sales of other players. People like Fabio Silva, Daniel Podence and Goncalo could all yet leave, meaning a bit more could be spent.
It has been reported today that Podence, who is a target for Al-Shabab, is valued at around £8.5 million by Wolves.
There is also word on what Wolves hope to do in the coming days.
Gary O’Neil will apparently be prioritising a centre-back. A new winger is also on the agenda – Yoane Wissa was the latest winger linked with a move to Molineux last week.
Frustrating, but it’s the Wolves way
This is not the news that many Wolves fans will have particularly hoped for. But it was perhaps to be expected.
Wolves are not in financial trouble, but the club are clearly looking to be mindful and we know that it is Fosun’s goal for the club to become self-sustaining.
O’Neil also admitted out in Miami that he even quite likes trying to be clever in the transfer market and bringing in those potential gems for less money, rather than signing established stars.
We will see what Hobbs is able to come up with.
It really is a big 11 days now for Wolves. What Hobbs does could have a huge bearing on Wolves’ potential push for Europe this season.