Swansea told they will have to pay 7m to take Bolton's Davies to Liberty

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UPDATED:

21:08 GMT, 9 August 2012

Swansea are to increase their 4m offer for Bolton midfielder Mark Davies. However, they may need to go to 7m with former club Wolves due a cut of any profit Bolton make above the 1m they paid for him.

Davies will replace Liverpool-bound Joe Allen. Swansea are interested in Hoffenheim striker Mohammed Abdellaoue.

Wolves have signed winger Slawo Peszko from Cologne on loan.

Wanted man: Swansea are keen on Mark Davies