| To Wolves | New Professionals | Away |
| | |
| Olofinjana, SG- Brann (£1,700,000) 1/7 | Gobern, LT- 1/7 | Iversen, SR- Valerenga (Free) 1/6 |
| Edwards, RR- Aston Villa (£150,000) 20/7 | Cornes, C- 1/7 | Okoronkwo, I- Terek Grozny (Released) 1/6 |
| Bjorklund, J- Sunderland (Free) 5/8 | Mulligan, GT- 1/8 | Luzhny, OR- Venta (Released) 30/6 |
| Seol, H- RSC Anderlecht (£2,000,000) 26/8 | Riley, M- 1/3 | Butler, PJ- Leeds United (Free) 1/7 |
| Bischoff, MRM- Manchester City (Loan) 30/9 | | Melligan, JJ- Cheltenham Town (£36,000) 8/7 |
| Ricketts, RA- Tottenham Hotspur (Loan) 14/3 | | Silas, G- Maritimo (Loan) 19/7 |
| Bischoff, MRM- Manchester City (Loan) 24/3 | | Camara, H- Celtic (Loan) 30/7 |
| | Blake, NA- Leicester City (Free) 2/8 |
| | Clingan, S- Chesterfield (Loan) 8/10 |
| | Mulligan, GT- Rushden & Diamonds (Loan) 13/10 |
| | Ikeme, C- Accrington Stanley (Loan) 14/10 |
| | Gobern, LT- Hartlepool United (Loan) 1/11 |
| | Jones, PS- Watford (Loan) 22/12 |
| | Camara, H- Southampton (Loan) 31/1 |
| | Newton, SO- West Ham United (£125,000) 10/3 |
| | Sturridge, DC- Queens Park Rangers (Free) 18/3 |
| | Andrews, KJ- Hull City (Free) 25/5 |
