Wolves aim to finalise redevelopment plans of Molineux within two months and owner Steve Morgan has vowed to bring fans closer to the pitch.

Morgan’s options include refurbishment of the existing stands, ‘digging down’ to increase capacity and bring fans closer to the pitch.

He has all but ruled out extending the capacity into the two corners at the North Bank end of the ground, because of construction difficulties.

The chairman insists he is in the project for the long haul.

He said; “We’re not yet at the stage when we’re ready to say anything definitive publicly but we’re certainly taking the plans forward.”

“We’re getting very much further down the line and in the next month or two we’ll finalise our plans.

“I’ve always wanted to bring the fans closer to the pitch. What we’ve done in lengthening the pitch by two and a half metres either side already looks better.

“While it’s nowhere near what I’d want, it’s a step in the right direction.

He added: “It’s certainly a long term project. If we’re talking about new stand development, as part of an almost wider urban development plan for the site, – and I’m using the word ‘if’ because existing refurbishment is still very much a consideration – then it’s a possibility.

“We’ve got wasted space inside the stadium. There are so many possibilities. As a builder myself, there are often very practical reasons why you can’t go down Route A. So you have to go down Route B or C.

“For example, in the North Bank, the two towers either end were put in to save £50,000. So at present we can never fill in the corners, because those towers instantly block your view.

“So if we did make it to the Premier League and wanted to increase the capacity, we have to rule out filling those two corners in.”

Morgan believes investment in the team will continue with money spent on the ground.

He said: “The reality is you try and take them both forward. We can only invest in the team and the rest is up to the guys.

“What we can do is look into all the options with the stadium and hopefully take the stadium forward.”