Wolves chief Jez Moxey pledges to 're-invest' after Steven Fletcher, Matt Jarvis sales

Matt Jarvis and Steven Fletcher
© PA Photos
Wolves CEO Jez Moxey admits that the club are "exposed" after the departures of Matt Jarvis and Steven Fletcher and pledges to "invest" in the squad.

Wolverhampton Wanderers chief executive Jez Moxey has promised that the club will re-invest in the squad following the sales of Steven Fletcher and Matt Jarvis today.

The Championship side netted a combined figure of more than £24m for winger Jarvis and striker Fletcher, sold to West Ham United and Sunderland respectively.

"We will invest the money back into the team," Moxey told the Express & Star. "We've got a number of other players in the pipeline which we're hoping to complete. We're a little exposed because we've sold two of our best players so we have others to bring in."

The club picked up Austrian defender Georg Margreitter for £2m earlier today and are also thought to be chasing FC Copenhagen's Christian Bolanos (£3m) and Man United's Robbie Brady (£1.2m), both wingers.

Wolves, who are currently 11th in the Championship after two games, play host to Derby at Molineux on Saturday.

Georg Margreitter in 2009
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