Ugarte (right) scored in Wrexham LDV Vans Trophy final win

The pair say they will remain at the troubled club as long as reasonable deals can be agreed.

Top scorer Ugarte, who joined Wrexham from non-league side Dorchester last November, says he has already turned down offers from Spanish clubs.

Edwards is also out of contract next month, but says he wants to help the club jump straight back to League One.

"I will stay at Wrexham if everything goes well. I have assured the manager I want to stay," said Edwards.

Ugarte's 24 in all competitions - which includes four hat-tricks and the opener in the LDV Vans Trophy final - have made him an instant favourite with Wrexham fans.

His eye for goal has been noted by rival club managers - with Cardiff City boss Lennie Lawrence having already stated his interest in the Basque striker.

But Ugarte says his heart is now with Wrexham.

He said: "I'm really happy with the manager, the supporters and everybody surrounding the team, so why not stay here?

I'm going to do my utmost to keep the majority of the players here because I think I've got a good squad Wrexham boss Denis Smith

"I tried to help the team by scoring goals. We won some games and the LDV trophy.

"The Millennium Stadium day was the best ever. It was unbelievable.

"Everybody enjoyed themselves and it was a special day in Wrexham's history."

With the debt ridden club in the hands of administrators, manager Denis Smith is waiting to hear how much money will be available for new contracts.

There is also continued uncertainly over the club's mere existence since it faces an eviction order to leave their Racecourse Ground from chairman Alex Hamilton.

Administrators have promised to challenge the order in the courts if Hamilton fails to sell the ground and controlling share in the club before 21 July.

And this latest development the long-running saga has given Smith renewed hope for next season.

"I expect to be here next season," said Smith. "I haven't discussed my contract with the administrators; we're trying to sort out the players first.

"We'll sort out me after that I'd imagine. But all the indicators are they [the administrators] want me to stay and the people who are hoping to come in would like me to stay too."

He added: "The players want to stay because it's a good club.

"It's a disadvantage being in League Two because we've got a salary cap now in that division, but we're below that anyway so I think we'll be OK on that score.

"As long as the lads appreciate we can't go berserk on the spending, I'm going to do my utmost to keep the majority of the players here because I think I've got a good squad."