Jez Moxey: Wolves want to emulate Everton

He also revealed his desire to keep winger Bakary Sako long term and stressed the club is extending its scouting network to improve player recruitment.

He stated over three years ago, when Wolves were still in the Premier League, that the eventual aim was to challenge among the top three, four or five clubs in the country.

And despite the upheavals of the last few seasons, he still believes Wolves can become genuine challengers just below the current superpowers of the game.

He said: "I believe the club's natural pecking order is sixth in the Championship upwards, but if you look at the historical stats Wolves are in the top 10 of all-time wins since football began.

"I don't think, in my life-time, we're going to usurp Manchester City or Manchester United but why can't we emulate, say, Everton, challenging?

"That's the dream. We're striving to get there."

Achieving that aim means keeping their best players, and with Sako out of contract this summer, Moxey insists the club want to keep him.

But with the winger on £25,000-a-week, finances may dictate, while the 26-year-old has made it clear he would look closely at any offer from the Premier League.

Moxey said: "The owner, Steve Morgan, was adamant he didn't want to lose Sako this season."

Regarding spending plans for the future, Moxey, who was addressing the Fans' Parliament, claimed Wolves are looking to produce one homegrown first-team player per year.

He added: "We're trying to make sure we spend money on good young players with real potential."

He admitted offering five-year contracts, like the one signed by the recently-released Jamie O'Hara, was the norm for the top flight.

Moxey stressed: "If you're buying someone in the Premier League for that sort of money, you have to give that sort of contract."