Graham Turner will soon unveil new Shrewsbury Town signings

Graham Turner is hoping to unveil his first Shrewsbury Town signings of the summer in the next 10 days.

But the Greenhous Meadow chief insists Town will not be held to ransom on player wages.

Turner remains locked in talks with players and agents as he bids to bolster a squad which suffered play-off heartache last season.

The subject of player salaries was a hot topic of debate at last week's Football League annual meeting in Cyprus.

Previously, League Two clubs were able to spend 60 per cent of their annual turnover on wages.

But under a new system agreed in Cyprus – called the Salary Cost Management Protocol – that has been reduced to 55 per cent and introduced at League One level as well.

"In conversations with a lot of people in Cyprus, there is debt at various Football League clubs and it can't continue," said Turner.

"Whether clubs will stick with that policy remains to be seen but we will only be prepared to pay players what we think they are worth."

Meanwhile, Shrewsbury are on a Carling Cup collision course with one of the Championship big boys.

Town have been moved from the southern to northern section for Thursday's round one draw and will meet one of 17 seeded teams.

They include Blackpool, who were relegated from the Premier League last season, Steve McLaren's Nottingham Forest, Middlesbrough and Leeds.

l Former Town forward Guy Madjo has signed for last season's League Two play-off winners Stevenage – subject to international clearance.

The Cameroon striker scored three times in 15 starts under Gary Peters in 2008 and has since played for Guangdong Sunray Cave in China League One division, and Bylis Ballsh in Albania.

Ex-Shrewsbury skipper Graham Coughlan has signed a two-year extension at Southend which will combine coaching and playing duties.

By JAMES GARRISON