After the frenzy of transfer deadline day at Wolves, the dust has finally settled. The club secured two late signings—Nasser Djiga and Marshall Munetsi—both of whom completed their medicals in Paris after deals were agreed earlier in the day. Despite these additions, one move that didn’t materialize was the highly anticipated return of former captain Conor Coady.
While Wolves wrapped up the window on a positive note, especially after the disappointment of missing out on top target Kevin Danso, Coady’s potential comeback became an unexpected talking point. Reports surfaced on deadline day suggesting Wolves had explored a swap deal involving Craig Dawson in exchange for Coady. However, any momentum around the deal fizzled out quickly.
Now, the key reason behind the collapse has been revealed. According to *The Mirror* (via their live blog on February 4, 8:09 AM), Leicester City pulled back from the deal, experiencing ‘cold feet’ over the prospect of losing one of their key dressing room leaders. Despite not being a regular starter for Leicester, Coady’s leadership and vocal presence have been highly valued within the squad. His influence off the pitch seemed too significant for Leicester to part with, even if he wasn’t contributing regularly on it.
Coady himself was reportedly eager to return to Molineux, where he had previously worn the captain’s armband and left a lasting legacy. His leadership skills could have provided a much-needed boost to a Wolves dressing room that has faced its share of challenges this season.
The sudden emergence of Wolves’ interest in Coady surprised many, as there had been little to no indication of a potential reunion since his departure. It appears Wolves sensed an opportunity late in the window, but Leicester’s reluctance to strengthen a direct Premier League rival ultimately shut the door on the move. Given Wolves’ current struggles, Coady’s leadership could have been invaluable—a factor Leicester likely considered when deciding to keep him.