Wolves chief executive Jez Moxey has said that the club will not be looking at the possibility of selling of their key players in the summer after their relegation from the Premier league was confirmed following the 2-0 defeat at the hands of Manchester City.

Even though it has been known for quite a while that Wolves were going down, the club would not have expected to be the first to drop out of the Premier league this season.

This brings an end to their three-year stay in the Premier league. A lot has been spoken about the player wages at Wolves, but Chief executive Jez Moxey has said that the club will be able to deal with the situation quite comfortably.

Wolves will be receiving the parachute payments for the next two seasons in the Championship. The significantly improved parachute payments is expected to help Wolves over the next couple of seasons, as they look to return back to the Premier league.

Wolves have been on the down ever since sacking manager Mick McCarthy. The club have not been able to appoint a suitable replacement in his place. The promotion of assistant manager Terry Connor to the post of the manager of the club certainly has not worked.

"I am not sure it is inevitable we will lose players. I think there will be interest in some of our players but we are in a very good financial position. We have got players under long-term contracts, we are under no pressure to sell. But let's get the season finished, get a manager in place, get that sorted out and then address the reshaping of our team that is required. It is an opportunity to try to get stronger," he told Sky Sports News following the 2-0 defeat against Manchester City at the Molineux.