Liverpool manager Brendan Rodgers admits he does not have a "wheelbarrow load" of money to spend in the transfer window but is closing in on his first signing.
However, he has stressed any new arrival will have to have the right character as well as technical ability.
"We don't have a wheelbarrow load of money, there is not the money flying about people think there is," said the Northern Irishman. "There certainly won't be as many [signings] as is being labelled out there."
Rodgers, who opted out of the chase for new Spurs midfielder Gylfi Sigurdsson as he refused to pay over the odds for the player, said an "exciting" deal could be completed in the next few days.
"We want to work with the great players we have here and make three or four tweaks in relation to the squad that can help the group," he said. "We want to be competitive in every game and challenging at the top end."
Rodgers stamped his authority on the job early on when he refused to meet the wage demands of Sigurdsson.
A deal had been agreed with former club Swansea, where Rodgers had worked with the player for the second half of last season, but when Anfield became an option for the Iceland midfielder the financial side changed.
The Reds boss said he was only willing to pay the market value and as a result the 22-year-old moved to Tottenham.
That has put down a marker for any new potential signings as Rodgers knows exactly what type of player he wants.
"You have to be prepared to come into the culture and philosophy of the club and if you don't then it's not a problem but this is not the right fit for you," he said. "I want players that are hungry to succeed and want to match the ambitions of how we want to move forward and the reality of that is there are very few players who can match that."
Updated 09/07/2012 15:15:09