Norwich City boss Chris Hughton believes there is better value to be had in the continental transfer market.

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The Canaries have already felt the benefit of an overseas shopping trip this season with the impressive impact of Norwegian international Alex Tettey following his arrival from Rennes, while Swansea’s Spanish forward Michu has plundered 16-goals and counting since arriving on these shores in a reported £2.2m deal.

Norwich continue to be linked with a string of potential new signings during the current January window, but Hughton insists the club will not pay over the odds in an inflated domestic market.

“You have to put a value on a player. That can ultimately decide on whether you go for him or not, whether you are able to bring a player in or not, whether there is any scope with the valuation,” he said. “Probably more than all of that is knowing where we are as a club. Who we bring in would have to be on the right budget.

“I think generally, you know that if you are bringing in from abroad you are perhaps able to bring in cheaper than a player playing in this league. That is something we know generally. As regards value you can only put a value on what you regard as what a player could give you. Someone like Michu, there is no better value than him at the moment. Whether that will be the same in a year’s time who knows.”

Hughton accepts Premier League rivals Swansea have been rewarded for taking a calculated punt on the Rayo Vallecano striker.

“There will be a lot of clubs who were not aware of him,” he said. “He has been magnificent. It’s not just the number of goals but the quality. No disrespect to Swansea but if he was playing at a Manchester United or a Chelsea that might have been expected so that is a testament to the player but more so his club.

“He has had a wonderful season and his performance levels have been very high. Certainly for what Swansea brought him into do I think he has far surpassed that. He has been excellent. I think he is probably the same as a lot of foreign players who have come here. He might have found himself earlier in the season in a Swansea team not doing particularly well and he might have struggled, so we might not be speaking in those type of terms now. That is possible and you see it happen on numerous occasions.”

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