Norwich City transfer rumours: How much?! Striker loan fee unlikely to tempt City

PUBLISHED: 10:38 27 June 2018 | UPDATED: 17:06 27 June 2018

Jordan Rhodes has signed for Norwich City. Picture: Focus Images

Jordan Rhodes has signed for Norwich City. Picture: Focus Images

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Norwich City enquired about signing Jordan Rhodes from Sheffield Wednesday earlier in the summer - and it is becoming clear why he hasn't signed yet.

The Sheffield Star reported on Wednesday morning that the Owls are asking for a £3m fee – just to loan the 28-year-old striker for next season. And that’s before any discussions start over the striker’s wages.

All this with the context of City’s straightened financial climate – only stabilised by their big summer sales of James Maddison and Josh Murphy – and a recruitment model that is not about to shell out money without the hope of adding value to its purchase.

Still, at least any other potential Championship suitors with money in their pockets are now aware how much it could cost for Rhodes’ services next term – unless Wednesday opt to drop their price.

Rhodes was a Wednesday club-record £8m buy from Middlesbrough in February 2017, but has managed just five goals in 31 appearances since – and only one goal in 2018, although he did score the opening goal in Wednesday’s 3-1 defeat at Carrow Road in December.

MORE: Moritz Leitner completes permanent Norwich City switch from Augsburg

The former Blackburn and Ipswich striker is also one of the club’s top earners, signed at a time when the Owls were pushing the boat out in the hope of hitting the Premier League jackpot. Now they are facing the financial fair play realities of that failed gamble.

Wednesday still have ex-Canaries striker Gary Hooper and Rhodes’ fellow Scotland international Steven Fletcher on their books and back in training for pre-season following long injury layoffs.

Meanwhile, City have an ongoing open search for fresh attacking options this summer – although interest in their own high-earner Nelson Oliveira appears to be quiet so far this transfer window.

For the latest Norwich City news and opinion follow Michael Bailey on the following channels…

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