Liam Keen comment: Tricky transfer window comes to a close with Wolves given chance to avoid embarrassment by May

Performances and results improved but Wolves have never been able to get themselves back in the mix for survival and a cautious approach to this window is likely to be warranted.

In addition, attracting the right kind of players now would have been a difficult task, while there was ongoing interest in plenty of their best players.

For Wolves to have made good money on Jorgen Strand Larsen, keep their other star players and freshen the squad up with two additions and sending some out on loan, is pretty much the most they could have done in the situation.

The time taken to sign Adam Armstrong and Angel Gomes was frustrating, although the club did need to move some players on first. 

Ki-Jana Hoever headed out on loan to Sheffield United, which was the right move considering he did little to prove he was up to Premier League standard.

He was quickly followed by Marshall Munetsi, who departed on loan to Paris FC, before Fer Lopez then returned to his former club Celta Vigo on loan, as well as some younger fringe players heading out.

Edwards has since admitted he prefers a smaller squad and by letting these players go, he opened up space for some additions. 

The loans have their own merits, but it says a lot about Wolves' transfer failings when £19.5million summer signing Lopez made just two Premier League starts before going back to the club he was bought from. Celta Vigo must feel like they've won the lottery.

The Larsen sale is both good business and another example of Wolves' ineptitude in the summer. 

Getting up to £48million for a striker with one Premier League goal this season, who is currently sitting on your bench, is fantastic from a Wolves perspective. 

Larsen was going to leave in the summer anyway, most likely for less money, and it was the right decision to let him go now.

However, the Norwegian scored 14 Premier League goals last season and attracted interest from Newcastle, who has bids of £50million and £55million rejected. 

It is understood that Newcastle were prepared to pay north of £60million for Larsen in the summer and if Wolves had planned properly, they could have sold him then and reinvested in two or three forwards, eventually making the squad stronger for the season. 

It is another example of former chairman Jeff Shi's lack of planning and devastatingly poor mistakes. New interim chairman Nathan Shi and new technical director Matt Jackson now have a chance to put it right in the long term.

The incomings eventually came and in Armstrong Wolves have a striker that has struggled in the top flight but excelled in the Championship. Six goals and seven assists in 88 Premier League games, compared to 91 goals and 37 assists in 277 Championship games, prove that Armstrong is a signing they hope will get Wolves promoted next season.

For now, he has time to settle in at the club and it could be good business in the months to come, even if it was an inflated price tag at £7million, plus £2million in add-ons.

A.Gomes is an intriguing signing. With four England caps and 12 Champions League appearances, he is technically gifted. But he will have a battle standing up to the physicality of the Premier League with his diminutive frame and that is his challenge to overcome.

With a loan until the end of the season, and a £6million option to buy, it is essentially a risk-free punt from Wolves.

Although the transfer window is over in England, it is still open in Turkey and Besiktas may yet make another move for Emmanuel Agbadou before it closes on Friday, while Brazilian clubs want Jhon Arias and can sign him until early March.

But Andre and Joao Gomes are still here, as well as some other players that were fascinating other clubs, and Wolves have a chance to avoid embarrassment by May.