Bolton report Sheffield Wednesday over Mark Davies transfer

Bolton have contacted the Football League about the conduct of fellow Championship side Sheffield Wednesday in transfer talks over Mark Davies.

Financially struggling Bolton cut Davies' price to resolve an issue over wages and thought a deal had been done.

With the player set for a medical on Thursday, he was pulled out of Tuesday's league meeting between the two clubs, which Wednesday won 3-2.

However, the transfer was put on hold over an undisclosed development.

Bolton then complained to the Football League, although the two clubs are believed to be back in negotiations and the midfielder's transfer could yet go through.

Another Wanderers player, Zach Clough, decided not to accept a transfer to Bristol City, despite a fee being agreed between the two clubs.

Zach Clough's estimated £2m move to Bristol City foundered on Wednesday

Bolton are trying desperately to raise funds before Monday's High Court appearance, when they face a winding-up petition brought by Revenue & Customs.

There had been hope before Christmas that a takeover of the club, £172.8m in debt, would have been completed by now.

However, discussions with various parties have failed to reach a successful conclusion.

Bolton are bottom of the Championship and if they went into administration, which is still a possibility, the 12-point penalty would leave them 18 points from safety.