Wolverhampton Wanderers are facing a showdown with Glasgow giants Rangers to land striker Kyle Lafferty from Burnley.

The Scottish Premier League runners-up are said to have increased their bid for the Northern Ireland international to £3.5 million. They have offered £2.5 million cash and £1 million-rated midfielder Alan Gow. The offer is similar to that which has been tabled by Wolves, which includes £2.5 million cash and striker Stephen Elliott.

The Clarets have rejected Wanderers’ offer and are expected to do the same with the Rangers bid. The question is now who is prepared to up their bid for the 20-year-old? A bid closer to the £4 million cash Burnley are believed to favour could land their man, who has made it known he is looking to leave Turf Moor.

Equally unsettled is the future of Wanderers striker Freddy Eastwood. The Wales international was surplus to requirements at Molineux at the end of the season and was placed on the transfer list.

Coventry City, who came within a whisker of signing the former Southend United star during the transfer window until Wolves box Mick McCarthy pulled the plug on the deal, were leading the chase for Eastwood.

However, McCarthy has indicated Eastwood could still have a future at Wolves and if he is still with the club during pre-season, he will have the chance to impress.

If Eastwood does stay it will complete a remarkable turnaround for the 24-year-old, signed a four year deal last summer after completing his £1.5 million move from Southend.

However, despite being popular with many supporters, Eastwood has failed to impress McCarthy and spent most of last season on the substitute bench.

When he announced Eastwood was for sale. McCarthy said: “It’s nothing personal, but it hasn’t worked out how either of us would have liked. He hasn’t fitted into my team but he wants to play and will do well elsewhere. We wish him luck.”