By Kieran Maguire

8th Nov, 2023 | 4:03pm

Kieran Maguire: Wolves well placed for signing blizzard after £140m reveal

Kieran Maguire has hailed the “smart” work at Wolves after they avoided Financial Fair Play punishment following a £140million summer fire sale.

The finance expert, speaking exclusively to Football Insider, backed Gary O’Neil’s side to stay up this season and “reset” – allowing them to spend like a Premier League club once again.

As per The Telegraph (31 October), Wolves are set to avoid punishment after selling £140million of players in the most recent summer window to avoid breaking Profit and Sustainability rules.

It is claimed the Molineux club remain under temporary restrictions and will not be spending big in the January transfer window – but are keen to add a centre-forward.

The likes of Ruben Neves, Matheus Nunes and Nathan Collins all left for big money with 17 players in total moving on from the Midlands club in the summer.

Julen Lopetegui quit on the eve of the season with the fire sale ongoing, but incoming boss Gary O’Neil has steadied the ship and has Wolves sitting 14th – six points clear of the drop zone.

Maguire told Football Insider’s Sean Fisher: “We saw the chairman, Jeff Shi, being very vocal in the summer about the situation.

“I think Wolves have done very well because the players who left aren’t exactly ripping up trees at their new clubs.

“They don’t appear to be in the relegation fight at present, but that is certainly helped by this being a very weak Premier League in terms of the promoted clubs.

“They have worked smartly and the players they’ve brought in and through the ranks are of a good standard.

“They’ve given themselves a good chance of staying up, resetting, and getting back to buying players again in future years.”

In other news, Arsenal told to submit “huge” offer for Wolves star.