Wolves call off Ryan Bertrand chase

Wolves have pulled the plug on a loan deal for Chelsea left-back Ryan Bertrand - as they closed in on Reading's Matt Mills.

Bertrand is available on a season-long loan from the Stamford Bridge club – but only if clubs pay £500,000.

That was enough to persuade Wolves to look elsewhere in their search and they could now turn their attentions back to Hearts' Lee Wallace, as they look to buy a young left-back rather than pay to take one on loan.

The 23-year-old is regarded as the best left-back in Scotland and Wolves have scouted him before.

Wallace, who has five caps for Scotland, only has a year left on his contract which means they could get their man on the cheap.

Rangers recently had a £300,000 bid rejected as 'derisory' for a player who has made 140 appearances for the Jambos.

Bertrand, 21, could now go on loan to Premier League new-boys Swansea.

McCarthy is keen on Paul Konchesky, but, although Liverpool are desperate to offload him, the former Fulham player's £37,000-a-week wages combined with the likely £2illionm fee make a deal highly unlikely.

But the club are inching closer to agreement in the Mills deal.

Sources claim the 24-year-old is coming to Molineux, with the central defender keen to test himself in the Premier League. But a fee still has to be agreed.

Providing that happens, personal terms shouldn't present a hitch, leaving Mills to join his new team-mates at some stage of their week-long pre-season training camp in Dublin.

The players flew there this afternoon.