Wolves chief executive Jez Moxey believes last month's signings of Sylvan Ebanks-Blake, David Edwards and Kevin Kyle have left the club well-placed to clinch promotion to the Premier League.
The three players cost Wolves £2million, but Moxey is adamant that it was money well spent.
"We're very pleased with the business we conducted in January. We filled positions we wanted to fill and the team is undoubtedly stronger," he said.
"Nobody should be in any doubt that we want to take this opportunity to get into the Premier League and we are aiming to get there as soon as possible. If recent signings have reinforced that view, then all the better.
"At the same time, it's important it's not seen as a disaster if we don't get promotion this season.
"Don't get me wrong, you won't find anyone at this club saying that another season in the Championship will do us good.
"We want to be in the Premier League - that is the goal. But this team will require time and if we can recapture the spirit that we had last season, then I believe we can get close again this season."