Solbakken: Now Wolves have to spend

Boss Stale Solbakken today urged Wolves to splash the cash on rebuilding the team after agreement was reached on the sales of Steven Fletcher and Matt Jarvis.

Fletcher and Jarvis will leave for a combined fee which could eventually run to £24m after Wolves accepted Sunderland's £14m offer and today said yes to West Ham's £10m package for Jarvis.

Solbakken is understood to still want a centre-back after missing out on Vadim Demidov, who joined Eintracht Frankfurt from Rosenborg, and Cologne's Pedro Geromel.

Wolves have to pay up to 15 per cent of the profits made on the Fletcher and Jarvis transfers to Burnley and Gillingham respectively, a sum which could reach over £2m.

But the Norwegian is convinced money from the sales needs to be re-invested in rebuilding the team.

"If we want to compete, then we certainly have to spend some of that money because you can't replace Fletcher with one player and say someone will do the same job he would have done," said the boss.

"So you have to change things around and build in another way. I don't think we'll buy one player for that kind of money when Fletcher leaves.

"But I think we can maybe spend some of it on more than one player."

Solbakken has made three signings – striker Bjorn Sigurdarson for £2.4m from Lillestrom, Rennes midfielder Tongo Doumbia and Cologne winger Slawomir Peszko, the latter pair both on season-long loans with fees agreed on permanent deals – plus free transfer Frank Nouble.

"So far we've been careful and not taken any risks in the transfer market," said the boss. "We haven't put big money into any 'risk project' that can go wrong."

"We have a good deal in place for Tongo if we want to keep him. He's 22-years-old and we've done well there.

"Peszko is on a one-year loan with a small transfer fee if we want to keep him, and I'm 100 per cent sure Bjorn will be very good."