Wolves finalise deal for Slawomir Peszko

Slawomir Peszko this afternoon completed his loan move to Wolves.

The Poland international midfielder, who has been earmarked as Michael Kightly's replacement, had left England after the deal hit a snag.

But in a dramatic twist just before the official photocall at Molineux, news emerged that the 27-year-old's season-long agreement from Cologne with a view to a permanent deal was back on.

Peszko underwent a medical at Compton on Monday with a view to signing straight away, but it appeared the goalposts had been moved over the terms of the agreement.

Sources said the confusion arose after it appeared there was more than one agent claiming to represent the player and different figures were being mentioned by either party.

Manager Stale Solbakken, who managed Peszko at Cologne last season, said: "Slawo is a player who can operate on both wings and had a very good first half to the season last year, setting up a lot of goals for Lukas Podolski.

"I think he would admit this himself, the second half to the season wasn't as good and was maybe complicated by trying to get into the Polish squad for the Euros.

"But I know the quality he can offer us, including great acceleration.

"He's also not afraid, so while he may not be the biggest player in stature, he's fearless, which is one of his real strengths.

"Like a lot of us, I also think he'll be looking for revenge for last season.

"He is ready for a new challenge and I'm delighted that new challenge is going to be with Wolves."

There could be more departures on the way, with Matt Jarvis the subject of interest from Stoke, Fulham and West Ham, who are understood to be ready to step up their chase.