Wolves boss Gary O'Neil says they're comfortable with their financial situation.

O'Neil was commenting after Nottingham Forest and Everton were charged yesterday for breaching the Premier League's profit and sustainability rules.

“I can confirm, as far as I'm aware, that we have no worries over financial fair play," O'Neil said.

“I'm been comfortable with that since I arrived. The club were very open with me around what could and couldn't be done this season.

“We've worked really hard to make sure the sheets and the accounts were balanced without trying to suffer too much on the pitch, and so far we've managed to do it fairly well.

“I'm hoping it's just a short term spell and then look to try and progress again and build on the work done here. I don't expect any surprises and I expect us to be completely fine."

He added: “We're extremely conscious (of it). People know the restraints we're working with at the moment, but they also know the club have spent a lot of money in other windows, so we have some good players here that we get to work with.

“The transfer window this January won't be as exciting as some of the Wolves fans have seen in the past, but we have some exciting players already here. It's up to me to keep making sure we maximise what we have."