QPR owner Tony Fernandes insists they won't panic buy.

There have been seven arrivals and QPR are in talks with Real Madrid's Ricardo Carvalho (loan), Tottenham's Michael Dawson and Inter Milan goalkeeper Julio Cesar.

Owner Fernandes tweeted: "Wages are less than last year 15 players already left. And we have spent a net of 1.5m this year. There is no panic."

He also told TalkSPORT: "None of those deals that have been reported have actually been done. We have been talking on many, many fronts. When they're done we'll announce them, if they're done.

"But there have been many things we have been trying to do over the last eight days."