Wolves owner Steve Morgan understands clubs wanting to get the best deals but believes they have to reduce their current demands as boss Mick McCarthy looks to strengthen the midlanders. Morgan said: "I think it's inevitable that clubs might have to come down on their demands.
"If clubs feel there's a lot of interest in their players, they're trying to do their best and trying to get the income for their club and no-one can blame them for that.
"But we also need a dose of reality and we can't keep busting transfer records because there's only a certain amount of money to go around.
"As always, at this stage, prices start really high, and offers start a lot lower, and usually, at some point in time, they meet."
Morgan added: "I'd prefer not to break the transfer record for obvious reasons.
"But we've got to do what we need to do to get the right players.
"Sometimes paying the highest money doesn't necessarily get you the right players and there are one or two high profiles example of that.
"It's important we get the right players for Wolves.
"Conversations have been had with other clubs about players and figures have been mentioned.
"As usual it's 'cat and mouse' at this stage of the summer."