The Welsh international claims he is owed money by Wolves, while Wolves insist the impasse is between the player and the Sky Blues.
But Ranson retorted saying: "The only way it would be resurrected is between Freddy and Wolves, but as far as we are concerned, we are moving on."
He also told the Evening Telegraph: "We have made a number of inquiries for players but we have not made any bids yet."
City are tipped to make a £1m offer for Sheffield Wednesday defender Richard Wood but the Owls are desperate to keep the 22-year-old at Hillsborough.