Wolves boss Mick McCarthy claims he does not know how much money he has to spend during the January transfer window. McCarthy said: "If we had said after the Birmingham game a month ago that we would be sat here now with the points we've got and the position we're in, we'd all be happy.

"So let's keep the chins up and keep playing the way we are and pick up the points from the teams we are expected to get points from.

"Despite the results against Liverpool and Manchester City over Christmas, we've played really well against two of the top six teams.

"Am I happy with this squad going into the second half of the season? Yes. We are out of that bottom three halfway through the season.

"I don't know want business people like Portsmouth, Burnley, Bolton, Blackburn, Wigan will do in the transfer market but we are above some of them now.

"Can we do the same again during the second half of the season? I think so if we get Michael Kightly, Dave Edwards and Andy Keogh back from injury."

But, when asked how much activity he will be involved in during the transfer window, McCarthy said: "I really don't know what will be available.

"It is a time when desperation strikes for a lot of people, whether they have to sell and some are desperate to buy, and prices and wages are raised. We will have to see.

"Do I know what I've got to spend? (laughs) Good question!.

"Is that a no? Have you had that conversation (with the owner)? I'm going to give you the same bland answer I did before.

"We will be having a look but wages keep rising and so are fees. We always keep looking but whether anyone can do anything......I am always on the lookout, alright. Thank you."