Sheffield Wednesday's League One rivals linked with shock move for former England striker
The vast majority of EFL clubs, including Sheffield Wednesday, are seeking to cut their cloth accordingly after a devastating 18 months financially.
The coronavirus crisis has had a huge impact on the world of football, given that spare for one weekend of limited attendance, most clubs have had the lifeblood of matchday revenue completely stripped away from them.
It means Wednesday and others are looking to wheel and deal their way through the summer transfer window, with free agents and loan signings likely to be a highly competitive market.
One club, though, look likely to press the accelerator in the transfer market in their attempt to seal a long-awaited return to the Championship are Ipswich Town.
Under the financial muscle of new ownership, once-Wednesday linked manager Paul Cook has cleared space in his squad by releasing no fewer than eight players and has been linked with a series of bold additions.
None bigger than former England, West Ham and Tottenham Hotspur striker Jermain Defoe.
The 38-year-old, whose time with Rangers is likely to come to an end when his contract runs up in the coming weeks, is the subject of interest by the Tractor Boys according to Football Insider.
The EADT and Ipswich Star, however, have suggested the likelihood of a deal is drifting given Defoe’s wage demands.
Any attempt to bring the veteran forward to the third tier shows huge ambition. Ipswich are currently 10-1 third favourites to win League One next season, behind Wednesday themselves and Sunderland (both 7-1).