• Brazilian’s contract terminated with 12 months still to run
• Hull forced to clear out high earners following relegation

Geovanni has left Hull after his contract was terminated by mutual consent. The Brazilian, who scored Hull’s first ever goal in the Premier League, still had a year remaining on his deal.

The 30-year-old joined the north-east club on a free transfer from Manchester City in the summer of 2008 and made a total of 65 appearances, scoring 13 goals.

Hull have been forced to release their high-wage earners at the KC Stadium following their relegation from the top flight last season.

Geovanni is a reported target for Greek clubs AEK Athens and Panathinaikos.

Hull Cityguardian.co.uk

• Irish winger signs for undisclosed fee
• Joins Mouyokolo in leaving KC Stadium for Molineux

Wolves have announced the signing of Stephen Hunt from Hull for an undisclosed fee.

Hull rejected a £5m bid from Mick McCarthy’s side in January, but Hunt later revealed he struck an agreement with the chairman, Adam Pearson, that he would be allowed to leave if the club failed to stay in the Premier League.

The Republic of Ireland international has signed a three-year deal at Molineux and is the second Hull player to join the Midlands club following the arrival there of 23-year-old defender Steven Mouyokolo last week.

Wolves begin their Premier League campaign against Stoke on 14 August.

Wolverhampton WanderersHull CityTransfer windowguardian.co.uk

• Adam Pearson makes cost cutting his priority
• Iain Dowie to meet chairman and club owner

Adam Pearson, the Hull City chairman, will wait at least a month until appointing a manager at the financially troubled club.

Iain Dowie, who took charge for the final nine games of the season but failed to prevent relegation from the Premier League, wants the job but Pearson is making cost cutting – specifically trying to reduce the wage bill to £15m from £4om – his immediate priority.

Although no quick decision will be made on his future, Dowie is due to meet Pearson and Hull’s owner, Russell Bartlett, this week. On Wednesday Hull’s board will also meet Phil Brown, the manager they placed on gardening leave in March.

While there is understood to be no chance of Brown returning as manager, his settlement will be discussed. With Hull unable to pay the £1.4m owed for the one year outstanding on his contract as a lump sum it is likely he will be compensated in monthly instalments.

Dowie’s managerial manifesto enjoys support from within the KC Stadium dressing room – even though the former Crystal Palace and Charlton manager’s critics claim he “overtrains” his players.

Pearson, though, wants to be in a position to properly forecast Hull’s financial position next season – and ensure that entering either a company voluntary agreement or administration can definitely be avoided – before hiring a new manager.

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