Alex Neil insists Norwich City aim to get the most bang for their buck in an inflated January transfer window after completing a reported £7.6m deal for Wolfsburg defender Timm Klose.

Klose agreed a three-and-a-half year deal for an undisclosed fee on Monday to become the Canaries' fourth signing of a productive window, following the arrivals of Ivo Pinto and teenage midfielder Ben Godfrey, along with a permanent move for Matt Jarvis.

City are also closing in on the signing of Everton midfielder Steven Naismith for a reported £8m, with the Scottish international travelling to Norfolk for a medical in recent days, but Neil is adamant Norwich want value for money as well as quality.

Chief executive David McNally made it clear earlier this month the Canaries' would not be 'reckless' in their bid to bolster the club's push for Premier League survival ahead of a new bumper television deal on offer in the summer.

'Everyone is so desperate to stay at the Premier League level they are prepared to fling money at it but that is not unusual,' said Neil. 'Andy Carroll got sold for £35m a year or two ago. So it has happened in the past.

'I think it is important if you can to bring in players with Premier League experience but the problem with that is domestic players come at a premium. You see some of the prices bandied about and they have not even played at Premier League level and clubs want £10m. It is hard to add to the squad. You look at someone like (Benik) Afobe and that is a lot of money for someone who has never performed in the Premier League but there is no question he is a good, young talent.'

Norwich have lost their last two games in the Premier League and crashed out of the FA Cup at the first attempt to Manchester City, but Neil has made it clear such recent setbacks on the pitch will not alter his transfer strategy.

'I could have said after Manchester United, 'We're great, we've just beaten United, we don't need any more players,' so the fact we have been poor (at Bournemouth) and lost the game does not make me think we need five or six players because the boys have not been doing well enough,' he said. 'That is not the case. It is the same team that put three wins out of four together. The things we had put in place to attract players remains the same.'