"I don't think David going is a shock to anyone; hopefully it is decent money and the important thing is we can spend it," he says.
"It is not just the fee but the wages it is going to save and we could probably bring in maybe three good players on those wages and the fee.
"We are looking to do business now and it is maybe telling the story that Alan has had enough of what is going on and he is going to try and get people in there who really want to play for the club at the moment.
"We still have to get a keeper in although we have young Stephen Bywater; I'd say we still need an experienced keeper but I think Alan will have that in hand.
"I think he will have one or two options though Stephen won't let anyone down going into the team but we are going to need cover and I think he will have that up his sleeve.
"It is 'watch this space.'
West Ham are poised for their first FA Cup trip to Molineux in almost a century on Sunday, 25th January at 2 o'clock, following their replay win over Kidderminster on Tuesday evening.
There are 3000 tickets available at £20 for adults and £10 for U16s and seniors; 1400 at £17 for adults and £10 for U16s and seniors.
Ticket selling dates are as follows:
Bondholders - Friday, 16th January.
Priority Point Post - Friday, 16th January.
Season ticket general - Saturday, 17th January - 9am to 3pm.
Club members - Monday, 19th January - 9am to 6pm.
General sale - Tuesday, 20th January onwards - 9am to 6pm.
Bondholders please remember that due to the limited time available your priority is a.m. only.
Season ticket holders remember you are able to download your Priority Point application form from the ticket pages and fax your application to the ticket office.
Coach travel is available to season ticket holders and club members, departing Upton Park at 08.45am, at a cost of £16 for adults and £14 for concessions.