Wolves boss Dean Saunders and CEO Jez Moxey have confirmed the Club tried to do more business ahead of yesterday’s emergency loan deadline.
But a combination of circumstances including clubs not willing to let targets out and questions about needing to later take players on a permanent basis provided obstacles.
Wolves did bring in two new faces, winger Nouha Dicko and goalkeeping cover in Marian Kello, on top of February arrivals Kaspars Gorkss and Jack Robinson.
Saunders explained: “The problem we’ve had is lots of teams won’t loan their players unless there’s a contract for the player at the end of it or a permanent deal which, with the Financial Fair Play rules coming in, the club doesn’t feel we can take on another wage - adding another salary on to the wage bill for next season or the season after.
“A lot of the players we tried to get wouldn’t come here unless they had contracts.
“We talk behind closed doors – the chairman, Jez and myself – and we’ve got a strategy of what we’re trying to do to get us out of the situation we’re in and then get us promoted next season.
“One of those things is not to go bankrupt and trying to improve the team while we’re doing it.
“So what’s been said to me – and I understand it – is that if we don’t stay up, we’ll have players coming in with wages which aren’t going to work in League One.
“We’d have also taken on another big wage at a time when the Financial Fair Play rules are coming in.
“So as the manager, I’ve got to understand that.”
CEO Jez Moxey confirmed Wolves had done everything they could in terms of scouring the market for potential loan arrivals.
He added: “We’ve spoken to every Premier League team, half the Championship and even teams in League One to try to get decent players in during this loan window.
“Every Premier League club from about 12th position downwards can get relegated so no one is safe and there are lots of teams challenging to go up from the Championship.
“The reality is clubs don’t want to let their best players go.
“But what we don’t want to do is just take anyone who’s no better than the players we have here already, and give them a two-year contract.
“We’ve loaned Kaspars Gorkss who will become a permanent transfer if we stay up, we’ve also loaned Jack Robinson and today signed Marion Kello and loaned Nouha Dicko to help provide some cover for the recent injuries.
“The problem is not a lack of money but a lack of available players who can make a positive difference.”