Wolves have confirmed that they turned down deadline-day bids for "a number of key players" including Kevin Doyle.
The striker had been strongly linked with a loan move to runaway SPL leaders Celtic, and the Midlands club revealed they had received a bid for Doyle shortly before the transfer window closed.
Wolves boss Dean Saunders also failed in his attempts to strengthen his squad, and he will now have to wait until the emergency loan window re-opens next week.
A statement on the Wolves website read: "Wolves can confirm that an offer was received for striker Kevin Doyle shortly before the closure of the transfer window on Thursday evening.
"This bid was rejected, as were a number of others for key players during January.
"The club also made offers to bring players in during the transfer window but unfortunately these bids were not successful.
"This is not the final chance to sign players this season, and Wolves will continue to assess all options ahead of the emergency loan window re-opening next week."
The Royals had been linked with a move for Blackpool's Tom Ince and they had made a bid for the England Under-21 international earlier this week.
Brian McDermott has been busy in this month's transfer window bringing in Stephen Kelly, Hope Akpan, Nick Blackman and Daniel Carrico, but Director of Football Nick Hammond has revealed they have just missed on a fifth new face which would have been a club record signing.
"We have been working throughout the day on one last record deal to bring a player to the club but it hasn't come to fruition," Hammond told the club's official website. "We've made four very good signings in this window and you can see that the players we've brought in have already made an impact."
