Nuno Espirito Santo has aborted interest in Divock Origi and Olivier Giroud after being told to forget about splashing big cash this month.
Wolves are into the fourth round of the FA Cup after beating Premier League rivals Crystal Palace 1-0 and host Everton tonight in the Premier League.
The Cup victory saw Patrick Cutrone and Morgan Gibbs-White come off the bench after being recalled from loans at Fiorentina and Swansea respectively.
Boss Nuno has been told to utilise all existing resources on his books as the club's Chinese owners Fosun are not willing to spend heavily this month after investing over £70million in the last window.
Nuno initially fancied moves for either Liverpool striker Origi or Giroud of Chelsea and was also linked with Diego Costa and Hulk.
He especially wanted more firepower after losing Raul Jimenez to a fractured skull and also seeing Daniel Podence get injured.
But Mexican striker Jimenez is already back in light training after his injury in November.
And Nuno looks set to have to make do in the meantime with current strikers Fabio Silva, Pedro Neto and Cutrone, while Gibbs-White will add to his midfield options.
After seeing Cutrone and Gibbs-White come on against Palace, Nuno assessed: “They participated and helped the team which was a big help and this is what we expect from them.
“We value what they did at their former clubs.
“We know what they have.
“We have all the data from the loads of Morgan in Swansea.
“We have to go step by step with Patrick.”
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