Wolverhampton Wanderers managing director Laurie Dalrymple has suggested that the club are ready to ensure that they will be competitive in the Premier League next season.

Last weekend, Wolves were crowned winners of the Championship and although the campaign is not yet over, the West Midlands outfit have already been linked with Manchester City defender Eliaquim Mangala and Newcastle United forward Aleksandar Mitrovic.

While not wanting to quantify Wolves' potential spending power, Dalrymple has acknowledged that the club will look to make a "statement" in the transfer market.

Dalrymple told the Express & Star: "If we want to make a statement that we want to go into the Premier League and be competitive with a number of other clubs then we're going to have to make sure we've got some investment potential to back that up.

"We wouldn't want to be massively drawn out on an inference around numbers because the priority is we finish the season. That's largely a discussion for the football department, the recruitment department, the management team and the owners to then determine where we think we need to be making any investment.

"I think we've shown in the last two windows there has been the ability to invest. There'll be funds available but I wouldn't be drawn on the quantity."

As well as new players, Wolves will likely trigger clauses regarding permanent deals in the contracts of Willy Boly, Diogo Jota and Benik Afobe, who have spent time on loan at Molineux this season.