Bolton rule out Veloso move

Bolton manager Gary Megson has ruled out making a new bid for Sporting Lisbon midfielder Miguel Veloso.

The Wanderers boss tried to sign the 23-year-old Portugal international in January but was put off by a £17m valuation.

Despite reports continuing to link Veloso with a move to the Reebok Megson said he no longer had an interest as the player remained out of their price range.

"We were trying to get Veloso done in January but we're not capable of doing the kind of deal they are talking about, we're just not in that league," he told the Bolton News.