Jez Moxey hints Wolves could splash the cash

Chief executive Jez Moxey today hinted Wolves could splash the cash in the January transfer window because money was held over from the summer.

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Chief executive Jez Moxey today hinted Wolves could splash the cash in the January transfer window because money was held over from the summer.

It was thought that boss Mick McCarthy would be dipping into the loan market this winter.

But Moxey suggested that money is still in the bank from the summer, when the club spent £8m on three new players - £4.5m on Roger Johnson, £3.5m on Jamie O'Hara and Dorus De Vries on a free transfer.

Liverpool midfielder Jonjo Shelvey – currently on loan at Blackpool - and Leeds striker Ross McCormack are among McCarthy's targets.

"People keep saying we only signed one player but we invested multi millions of pounds in Jamie O'Hara," said Moxey.

"We signed him and Roger and brought Dorus in.

"And we've always had in our mind that maybe we should have January in mind as well, so not spending all of our money in the summer.

Moxey insisted players will only come in to strengthen the squad, not just to make up the numbers however.

"If we can strengthen our team in January then we'll try to do so," he said.

"But one thing's for certain - we won't take players just for the sake of taking players."

Wolves go into tomorrrow's clash against Everton 13th in the Premier League after their win against Wigan ended a run of one point out of 21.

Moxey confessed he thought the club wouldn't have struggled because the management felt the squad was stronger.

"We thought with Jamie with us for the full season and bringing Roger - who was Mick's number one choice - we'd be in a stronger position to do better than we did last year," he said.

The Molineux supremo admitted fans' hopes were raised by predictions of a mid-table finish from McCarthy and players, which meant criticism intensified during the recent dismal run of results.

"You always run the risk of raising expectations beyond reality and then you get the backlash of that," he said.

"Some fans have accused us of raising expectations which made that run of six games without a win so much more difficult to bear, so I don't want to raise anybody's expectations."