By Matt Bullin

Wolves have pulled out of the race to sign Valencia ace Alvaro Negredo, according to a reliable journalist.

BBC Sport correspondent Pat Murphy reports that the Black Country giants feel the 31-year-old striker is not worth his £100,000-a-week wages.

Murphy made the claim on his personal Twitter account on Wednesday morning.

Murphy also stated that Wolves are not close to signing anyone at the moment.

New Wanderers manager Nuno Espirito Santo has already made eight signings this summer as Ruben Neves, Roderick Miranda, Barry Douglas, John Ruddy, Phil Ofosu-Ayeh, Willy Boly, Will Norris and Ryan Bennett have joined the club.

Negredo spent the 2016-17 campaign on loan at Middlesbrough from Valencia, and he was one of the club’s top performers, scoring nine goals in 36 Premier League appearances.

The experienced hitman has also spent time at Manchester City, Sevilla, Real Madrid and Almeria during his career, as well as Valencia.

The 31-year-old has also been capped on 21 occasions by Spain, and he has netted an impressive 10 goals on the international stage.

Football Insider verdict

Wolves missing out on Negredo is a big miss, but they are probably right to take the decision to end their pursuit of him given his astronomical wages. He would have provided experience, power and goals to a new-look Santo side who are looking to push for promotion next term. He was hardly prolific for Boro last year as they were relegated from the top flight, but nonetheless he would have improved the Black Country side’s front line and would have provided competition for the likes of Joe Mason, Nouha Dicko, Duckens Nazon and Bright Enobakhare.

In other Wolves news, the club have agreed a deal for this striker.

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