Wolverhampton Wanderers director Jeff Shi has revealed that the club are planning to stage a summer tournament in China.

Since the side's takeover by Chinese firm Fosun International over the summer, the new owners have been exploring ways of promoting Wolves back in their homeland and are even in the market for buying up broadcasting rights.

"We are in the process of negotiating to purchase some broadcasting rights in China. That will be on 'live' there," Shi said during a meeting of the Wolves Fans' Parliament.

"We are planning to introduce some of our merchandise to China and have ambitions to design a summer tournament in China, maybe even inviting teams from Portugal and France."

Wolves MD Laurie Dalrymple added: "The journey is going to be brick by brick but I'm not aware of any other Championship clubs negotiating broadcasting rights in China.

"There's a genuine desire and appetite to increase our profile over there... that accelerates enormously when we are promoted but we want to start it now.

"Matches broadcast live through one of the biggest broadcast channels in China is another game-changer for us."

Wolves are currently 11th in the Championship table, two points off the playoff places.