The Wolverhampton Wanderers manager Stale Solbakken has said that it is now the time for the club to spend the cash in order to get promoted back to the Premier league. Wolverhampton Wanderers recently sold the star players Steven Fletcher and Matt Jarvis for combined fee that could potentially be up to £ 24 million.

This combined with the parachute payments means that Wolverhampton Wanderers will have no troubles in adjusting to the life in the Championship. However, in order to get promoted back to the Premier league, the club needs to spend the money got via the sale of the two players according to the manager.

Steven Fletcher has been sold to Sunderland for £ 14 million, while the Matt Jarvis deal to West Ham United could be worth up to £ 10.75 million. However, Wolverhampton Wanderers are yet to bring in a high-profile player in the transfer window. Despite sitting on this huge pile of cash, the manager has said that he will not be paying over the odds for his transfer targets. Some of the profits earned through the sale of these players will be going to the previous clubs of the players due to the clauses inserted into their contract.

"If we want to compete, then we have to spend some of that money because you can`t replace Fletcher with one player and say someone will do the same job he would have done," said the manager Stale Solbakken in a recent interview. Stale Solbakken began his life as the Wolverhampton Wanderers manager with the defeat at the hands of Leeds United on the opening day of the season, but the club recovered to beat Barnsley in the second match to record their first win of the season. The 3-1 victory has placed Wolves in the 11th position.