Wolves chief executive Jez Moxey has admitted the club may not replace players who leave before the start of the season.
The English Premier League club spent seven million euros on former Birmingham defender Roger Johnson, while midfielder Jamie O’Hara and goalkeeper Dorus De Vries were brought in on free transfers.
Manager Mick McCarthy could make further changes to his squad before the transfer window closes at the end of August, but Moxey said that would not guarantee outgoing players would be replaced.
“This is not about ‘cash-strapped Wolves having to sell before they can buy’, or that we can only bring in players if we get rid of players first,” Moxey told the club’s official website on Sunday.
“We are not really short of players at the moment and if we do get rid of two or three, we still might not bring anyone else in.”
Replacing outgoing players is not out of the question for Moxey, but it is unlikely Wolves will spend as much as they did on Johnson on another player before the window closes on August 31.
“We have got a small amount of spare capacity within the overall squad, which means some players are available to leave,” Moxey said.
“It doesn’t makes sense to certain senior players – and neither for us – to keep them here if they are not going to play.”
“At the same time, having invested heavily in Roger Johnson, Jamie O’Hara and free agent Dorus De Vries, I doubt we will splash out major sums of money again this summer.”
“But if we find the right players at the right money, then we might still add to our squad because we are always looking to improve the team and we think we have done so already.”
“Myself and the manager are still speaking to lots of people regarding players in, and out, and that process will continue until Mick is satisfied with the make-up of the squad or the transfer window closes.”
Wolves start their Premier League campaign with a trip to Ewood Park to take on Blackburn on August 13.