Wolves boss Mick McCarthy would prefer to re-sign Chelsea utility player Michael Mancienne on loan than on a permanent deal.
Mancienne has spent two successful temporary spells at Molineux during the past two seasons. There has been speculation McCarthy was willing to spend £4million to acquire the 22-year-old, but that is not the case.
McCarthy said: "I would like to see my quote where I said I would be prepared to pay £4million. I am pretty good at remembering what I said but I am red hot at remembering what I haven't!"
He added: "We won't be buying Mancienne. They want to sell him. If they want to loan Michael out again, then that's a different matter altogether.
"I haven't discussed it with Chelsea. From my understanding, they want to sell him and he's asked for a transfer. They want to sell him rather than loan him.
"I would be interested if they want to loan him out again but that's up to them."
Mancienne initially joined Wolves as a central defender but last season operated in the holding midfield role.