Wolves owner Steve Morgan believes the club should still concentrate on signing up-and-coming players despite their promotion to the Premier League.

Serbian midfielder Nenad Milijas and veteran goalkeeper Marcus Hahnemann are the only new faces so far this summer.

"We have a policy at Wolves of getting good, young, hungry players who will give their all," Morgan told BBC WM.

"If you've got the will to succeed, you'll succeed - we've got a squad who've got that will to succeed."

However, Morgan accepts that manager Mick McCarthy will need to add a sprinkling of experience to the youthful squad that gained promotion from the Championship.

"That's what we're trying to bring in at the moment with Milijas and Hahnemann," he noted.

"I think the blend of what we're trying to bring in with the nucleus we've already got means we'll be a force next year."

Wolves are keen to avoid a repeat of their last spell in the top flight when they went straight back down - and Morgan is convinced that they have a much better chance this time round.

"We're going in there to stay - I think we'll give anybody a run for their money next year," he insisted.

"The squad that got up last time did so through the play-offs and there were a lot of older members of the squad who were towards the end of their playing careers.

"This squad is much younger, we ran away with the Championship last year despite a few wobbles. We were worthy champions."

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