Wolves are poised to report financial losses of £65 million but will target up to two new signings in the January transfer window.

Gary O’Neil, the Wolves head coach, is keen to recruit a striker and a winger next month and the club is preparing to offload fringe players to raise additional funds.

Viktoria Plzen forward Rafiu Durosinmi remains a £7 million target, though Wolves face serious competition for his signature from Bundesliga club Eintracht Frankfurt.

Wolves are likely to consider the departures of £35 million forward Fabio Silva, Austrian international Sasa Kalajdzic and Jonny Otto, to free up cash in either permanent or loan deals, as they have been short of game-time this season.

O’Neil is working under financial constraints with the club expected to announce their annual accounts early next year.

With losses forecast at about £65 million for the 2022-23 financial year, following on from £45 million in the previous year, Wolves must record a small profit this season to comply with the permitted £105 million losses over three years.

After the remarkable summer sales of players which totalled over £140 million, Wolves expect to avoid breaching the Premier League’s Profitability and Sustainability Rules (PSR).

Yet they will not be risking the club’s future by spending major money in January, though there is scope for a couple of new arrivals.

O’Neil is expecting to lose leading scorer Hwang Hee-chan for the Asian Cup tournament in the New Year, while Rayan Ait-Nouri and Boubacar Traoré may also be called up by Algeria and Mali respectively.

Wolverhampton Wanderers » Squad 2023/2024

Matt Hobbs, the club’s sporting director, will spearhead the search for new signings with his recruitment team, focusing on young and dynamic players.

Modest fees or loans are likely to be Wolves’s limit, but there is a determination to support O’Neil in the window if possible.

Neto has missed seven consecutive games with a hamstring injury but could be in contention for a place on the bench this weekend.

Ait-Nouri also returned in the 3-0 defeat at West Ham on Sunday after recovering from damaged ankle ligaments.

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