Wolves chief scout Dave Bowman has issued a warning to agents who see the Molineux club as an easy pay day for their players.
Bowman said: "I have had agents on the phone to me since the takeover announcement thinking we had become Chelsea overnight.
"They seemed to think we had got £30million to spend right now, which is not quite the case.
"That money is an investment to be put into the football club and while it does help in putting a few more players than we might otherwise have had within range, I think we showed last season we are not far off being a bad side anyway.
"I think the blueprint we have followed over the last 12 months has been a success and with two or three quality additions to the squad we can take the next step."