Wireless links have been proposed to connect magnetic resonance (MR) array receiver coils to the rest of the system to eliminate the safety and cross-talk issues encountered using coaxial cables. Analog transmission methods are unsuited because of limited dynamic range and noise figure; therefore, fully independent individual digital receiver modules must be developed. Limited data rates supported by wireless links restrict the number of coil channels that can be transmitted to well below those of the state-of-the-art high-density arrays that would benefit the most from wireless technology. Two independent methods of compressing MR data prior to transmission are presented that when combined can readily reduce it to one-third or less of the original amount with negligible impact on image quality parameters such as artifact power (AP) and signalto-noise ratio (SNR). These conservative results were obtained from arrays of six to 16 channels which is typical of today's clinical systems and show that compression efficiency improves with increasing channel density. Simulated and experimental 2D spiral data acquired from a standard head array at 3 tesla was used to evaluate AP as a function of compression by off-line processing. Spectral compression reduces the acquired data by up to 45% using dynamic demodulation, filtering and decimation. Dynamic range compression followed by bit-depth reduction further reduces the data by up to 37.5% without visible image artifacts. Image SNR improves 1-25% at the periphery of the fieldof-view (FOV) due to spectral compression, while dynamic range compression results in a uniform SNR gain of 4-8% over the whole FOV.