Ipswich Town have admitted loan striker Jon Stead should have been joined by another new face at Portman Road on transfer deadline day.

Chief executive Derek Bowden said a deal for a second player collapsed just hours before the window closed.

He told the club's website: "We had been tracking a player for some time and it looked like there would be some movement at his club."

Bowden remains optimistic that a loan signing can be made next week.

He added: "It's about bringing in the right players for the right money, both in terms of fees and wages, so we're quite careful about about how we spend the money."