Swansea City’s bid to sign Brentford midfielder Ryan Woods looks to be over.

The Welsh side failed to match the Bees’ valuation, thought to be £6-7m, before the transfer window shut but Swansea were still hopeful of taking the 24-year-old on loan.

But when asked on Tuesday if the deal was off, Brentford manager Dean Smith told BBC Sport “we believe so”.

“The valuation wasn’t met before the first deadline day, we believe he’s our player,” Smith said.

“He’s come in, he’s been professional, trained really well.”

Woods sat out Brentford’s opening two league games, adding to the speculation that he would be joining Championship rivals Swansea.

But the playmaker returned to the Bees side for Tuesday’s night’s 4-2 Carabao Cup first-round win at Southend United.

It is thought Swansea have targeted up to three loan signings before the loan window closes on 31 August, with a centre-back, central midfielder and striker the priorities.

The Swans’ owners, Jason Levien and Steve Kaplan, have defended the club’s limited spending this summer, saying “tough decisions” had to be made to secure the club’s future.

Despite the cost cutting and reduction in the squad’s size, new manager Graham Potter has guided Swansea to victories in their opening two Championship matches this season.

“We’re working hard, that’s how it is. It [the search for players] will be ongoing until the 31st,” said Potter after Saturday’s 1-0 win over Preston North End.

“We’re aware you can use the loan market creatively as well, so we’ll set about making sure the guys we bring in are the right ones.”

Meanwhile, Championship rivals Queens Park Rangers have shown interest in a loan deal for Swansea winger Wayne Routledge.

The 33-year-old has a year remaining on his contract but is not thought to be part of Potter’s plans and has been left out of the matchday squads for both of their opening league games.

Routledge has had two previous spells at QPR, including a loan stint in 2011 before signing for Swansea that summer. He has made 234 appearances for the Welsh club.