Wolves reach settlement agreement with Uefa after Financial Fair Play breach

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Aden - Yasmine El Tohamy - Wolverhampton Wanderers can qualify for the Champions League next season if they win Europe's second-tier club competition.

Uefa said Wolves will pay ?200,000 in fines which could rise up to ?600,000.

Wolverhampton Wanderers will be allowed to register only 23 players instead of 25 if they qualify for the Champions League next season after breaching UEFA's Financial Fair Play (FFP) rules, European soccer's governing body has said.

In a statement released to British media, Uefa said Premier League side Wolves had reached a settlement agreement with it under which the club will pay ?200,000($235,720.00) in fines which could rise up to ?600,000.

FFP regulations aim to stop clubs running big losses through spending on players.

"The settlement agreement covers the sporting seasons 2020-21 and 2021-22," Uefa said in the statement.

"Wolverhampton Wanderers undertakes to report a maximum break-even deficit of 30 million euros in the financial year ending in 2020 and to finally reach, in the 2021-22 season, an aggregate break-even result for the financial years ending in 2019, 2020 and 2021 within the acceptable deviation.

"Wolverhampton Wanderers FC accepts that, for the season 2020-21, it may only include a maximum of 23 players in its List A for the participation in Uefa competitions, instead of the maximum of 25 players."

Uefa said the squad restrictions would apply for the 2021-22 campaign unless the club fulfils all financial measures.

Wolves, who take on Sevilla in the quarterfinals of the Europa League, can qualify for the Champions League next season if they win Europe's second-tier club competition.

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