Jamie O'Hara can leave Wolves for free

Head coach Kenny Jackett said the club are prepared to write off the £5m they paid Tottenham three years ago, providing a club is prepared to reach agreement on his estimated £20,000-plus weekly salary.

But Jackett insisted the club is not prepared to pay up the two remaining years on his contract for a player who featured just twice last season.

"I don't think a fee is part of the situation – the whole financial deal is complicated by somebody on high wages because people are going to pay all or a percentage of his salary, and that's the deal to be done," Jackett told the Express & Star on the club's Irish tour.

"I think there's a deal to be done with regards to the player.

"I think he's desperate and really looking for someone to take a chance on him and give him a fresh start in football after a year after a year out."

The news comes after O'Hara gave a TV interview saying his celebrity status was "like a dagger through my heart", with the suggestion that the 27-year-old will take a pay cut to leave.

"I'm sure he's very keen to play football," said Jackett.

"I haven't seen the interview but I was aware he was doing it and I hope something breaks for him because he has a lot of footballing ability and he'll be hungry to do well for a new club."

Asked if Wolves would be prepared to reach a settlement on his deal, Jackett said: "I doubt that's going to happen – there have been no discussions on a pay-off at all.

"I think in terms of him training and getting as fit as he possibly can this season and trying to get a break somewhere else is more likely.

"He's available for transfer or for loan, that's the case and that's the understanding between ourselves and the player."

Meanwhile, Jackett has played down speculation linking Wolves with 19-year-old Swindon midfielder Louis Thompson.

"We haven't made enquiries or bid for him," said the boss.

"Like all the players in League One, we're aware of him and he had good games against us, especially the first one where he was excellent.

"If you ask me do I know the player, yes I do, I know a lot about him and he's a young player who we generally talk about as having a bright future.

"But have we enquired or made a bid? No."

Jackett also said there had been no contact with Bristol City for Liam McAlinden after a report linked the striker to the Robins today, or any developments on Roger Johnson's suggested return to Sheffield Wednesday.