Watford have missed out on several transfer targets this month due to the club’s financial restraints, Sean Dyche has admitted.

The Hornets are constantly looking at players and trying to arrange deals but Dyche accepts the club often do not have the financial muscle to force through moves as they please.

"We have missed out on a number of targets because we just don't have the finances to make it happen immediately," Dyche said earlier this week.

"We are close-ish on a couple of yes situations. There are things that we have to be forward-thinking on and put things in place but we are always waiting on the other parties to say yes rather than us just having the money to force the yes decision, which is why it is difficult.

"That is my life now; constant phone calls, constant background checks, constant alignment and it is not just me – Ross (Wilson), Woany (Ian Woan), Tony (Loughlan), Chambo (Alec Chamberlain) - it is something that has been a real tough task since I have taken over because we have brought in a reasonable amount [of money] but they [the owner and board] have had to back the club up for the future.

"In the grand scheme of things, we have spent quite small compared to the rest of the division.”

However, Dyche insists the Hornets’ finances are healthy enough to rebuff bids if they deem them to be unacceptable and whilst no offers have been made for Marvin Sordell in January, the Watford manager claims the figures mentioned for the striker are way short of the club’s valuation.

"No we haven't had an offer for Marvin,” Dyche confirmed. “There has been loads of speculation but nothing serious.

"The loose talk we have had is so far from the valuation of someone like Marvin Sordell.

“You think of Connor Wickham going for that sort of money and Matt Mills, a centre half, going for £5.5m, they are the sort of players who are moving in our division so we have to pitch accordingly."