Wolves chief Scott Sellars says the club works to being self-sustaining.
There has been calls for owners Fosun to push the boat out in the transfer market.
But Sellars told the Express & Star: “Ultimately I work for the football club, the owners and the great people we have working here.
“Over time we have developed a shared philosophy that is right for Wolves, and we'll not risk the club's future by veering away from that model in pursuit of short-term gains at the expense of long-term stability.
“We will continue to work in that way because it has brought us a lot of success in the past, and we believe it will continue to in the future.
“We're a club that has done fantastically well at taking young talent, giving them the opportunity and developing them into excellent players.
“That's who we are and sometimes we have to recognise that. I'll work with Bruno in the parameters we're given and look at what we can do in every window.
“There's enough lessons in football to ask why would you throw money at it?
“Fosun said when they came in they'd spend a lot of money to get us there and then our task is to manage ourselves as a football business. We're not a club that spends way beyond our means, we won't do it.
“I don't want to do it either. Football for me is about protecting the club as well, not just about spending loads of money and three years down the line everyone is out of work because we've spent too much and it's not been a success.
“That's not how you run a football club. We run it very diligently, as a business within football and I don't want to change that."
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