Jackie McNamara says Celtic are harming his reputation by suggesting he moved to Wolves purely to earn more money.
The Scotland defender signed a two-year deal at Molineux this week, claiming that the Bhoys had not done enough to extend his 10-year stay at Parkhead.
Celtic hit back by saying they made a lucrative new offer to the 31-year-old after he issued them with an ultimatum.
But McNamara told the Daily Record: "I feel my name has been dragged through the mud to spare Celtic's blushes."
He added: "My move to Wolves has nothing to do with hard cash. I'm going to Molineux for the same money I got in my last season at Celtic Park."
McNamara, who made just under 350 appearances for the Bhoys after joining from Dunfermline in 1995, is particlarly unhappy with Peter Lawwell.
He claims the chief executive went back on ex-boss Martin O'Neill's promise to increase his wages.
The former Celtic skipper also accused Lawwell and the club of taking too long to come up with a new offer.
"I felt I was being used when it took the club until 3 June to come up with their first formal offer," McNamara insisted.
"Peter Lawwell waited until I was on my way to have my medical at Molineux to come on with a proposition.
"I'm not going to be accused of holding the club to ransom. Celtic's chief executive is trying to take the heat off the club and portray me as greedy.
"That's simply not true. I would still have been short of the top earners at the club.
"I could have left three times before that but stayed and had accepted wages that were less than half the squad were getting."