Moxey has his sights set on more of Mick McCarthy's transfer targets

Wolves chief executive Jez Moxey insists the club's failure to sign Coventry defender Scott Dann last week is not a major setback.

The England under-21 defender chose Birmingham City over Wolves after being offered better personal terms.

"In all honesty I don't think any of us at Molineux are that upset with that transaction," Moxey told BBC WM.

"He's one of many targets we were after and we were not prepared to get into any Dutch auction over salary."

Former Walsall centre-back Dann had been at Molineux for a medical before choosing to join their fellow Premier League new boys Birmingham.

We understand, he moved on, good luck to him and no hard feelings to anybody Jez Moxey on Scott Dann

"We were talking to him, he needed scans at hospital, and when he left us Birmingham City were in overdrive trying to make sure that they didn't lose him," Moxey said.

"We understand, he moved on, good luck to him and no hard feelings to anybody."

Wolves completed the signing of Serbian international midfielder Nenad Milijas on Monday, subject to a work permit, and Moxey is emphasizing that supporters can expect to see plenty more business being done before the Premier League season starts.

"We will have more signings, another one's on the horizon and hopefully will happen quite quickly," he noted.

"We've got a number of other targets that we're actively pursuing - it's the busiest time of the year and we're in overdrive."

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