Wolves halt striker deal
By Mark Buckingham & Francisco Acedo. Last Updated: January 1, 1970 1:00am
Wolves have abandoned their plans to sign Ivory Coast striker Ibrahima Bakayoko from Osasuna.
The former Everton forward appeared poised to move to Molineux after Wolves teed up the deal last week.
Bakayoko passed a medical and was expected to ink a 12-month deal with the Black Country club after being allowed to leave Osasuna on a free transfer.
But Wolves decided to pull the plug on the deal before Tuesday's transfer deadline due to a continual hike in the financial demands of Bakayoko and his representatives.
"The board reached the decision not to proceed with the transfer of Bakayoko late last night," chief executive Jez Moxey told the club's official website.
"We were not convinced that the player was as committed to Wolves as much as we would expect.
"The deal could have been completed over a week ago had the player and his Spanish agent really wanted it to happen.
"However, during virtually every conversation the agent asked for more money or created other issues.
"Having finally reached what we thought was full agreement with all parties following the Leicester match, yesterday, out of the blue, we were presented with a transfer document to pay the proposed £350,000 transfer fee to a Portuguese company, which is, of course, not permitted under the regulations."
Bakayoko is now in continued discussions with his current side Osasuna regarding the cancellation of his contract.
The Spanish outfit's Patxi Izco confirmed the African is close to becoming a free agent.
Izco said: "Bakayoko has practically agreed his cancellation with us, although it has not been signed yet."