Pep Guardiola wants to make "three or four" signings in 2018 but has ruled out bringing a new striker to Manchester City in January, despite missing out on Alexis Sanchez to Manchester United.
Sanchez appears poised to move to Old Trafford in a reported £35million deal, with Henrikh Mkhitaryan apparently set to move the other way and join Arsenal.
The Chile star had looked likely to sign for City, having come close to joining the Premier League leaders in August, but their interest is said to have cooled after United agreed to match his agent's demands.
Guardiola admits he wants to strengthen his squad further but is only likely to bring in new players at the end of the season, and he insists he is happy to continue with Sergio Aguero, Gabriel Jesus and Raheem Sterling as his options in a central attacking role for the rest of 2017-18.
85 - Since his debut in August 2014, only Harry Kane (108) & Sergio Agüero (100) have had a hand in more Premier League goals than Alexis Sánchez (85 - 60 goals, 25 assists). Omitted. #BOUARS pic.twitter.com/zVma0TtF5r— OptaJoe (@OptaJoe) January 14, 2018
"We decide players on how they can improve the squad. We can still improve. We saw it last Sunday [in a 4-3 defeat to Liverpool]," he told a news conference.
"We need to anticipate it now. We feel we need to invest in the summer, with three or four. If we do it now, we do it for the summer.
"We have the two strikers and we do not need another one in that position. Other players can play there in different circumstances. To buy a striker who can only play there: that is not going to happen.
"He [Sterling] can play there. He did at Old Trafford and in the States in pre-season. He showed me that he can handle that pressure without problems. He's more of a winger, a number 10, but we are not going to buy a striker."
Guardiola made it clear he is happy with City's refusal to increase their offer to Sanchez and his entourage, while maintaining huge spending last year was needed to overhaul the squad.
"The market is the market. The problem is we had to spend a lot to change the oldest squad in the Premier League. That doesn't happen in one transfer window. We need more time," he said.
"I've never put pressure on a club when they believe it is too much. Immediately I accept that decision and move forward to find another solution. The stability of the club is the most important thing.
"We have spent a lot of money, I'm not denying it, because we had to change a lot of players because we were so old in terms of the players who in the past were amazing. That's why we did it.
"When Man United, Liverpool and the other clubs in Europe do what they do, I respect. I never say anything because they know the reality.
"It's true when Manchester City and Abu Dhabi took over the team, in that period they spent a lot.
"But the most expensive player is Kevin De Bruyne and when you see now the reality, a lot of clubs spend much more for one or two players.
"We did the same for the amount of money for four, five or six players. In the end what we spent in the summer is quite similar to United, but they bought I think two or three players and we bought six or seven."
|Buzarnescu battles through as McHale impresses in Nuremberg|
|Neymar an artist who will not need special treatment - new PSG coach Tuchel|
|Atletico Madrid 2 Eibar 2: Torres bows out with a double|
|Napoli 2 Crotone 1: Milik and Callejon condemn visitors to the drop|
|Iniesta starts on Barcelona goodbye but Messi rested|
|Nadal rallies after rain break to dethrone Zverev in Rome|
|AC Milan 5 Fiorentina 1: Cutrone brace secures Europa League group stage spot|
|I think I made a fantastic decision - Garoppolo key to Sherman joining 49ers|
|FIFPro appeals to FIFA over Guerrero World Cup ban|
|Neymar made mistake joining PSG - Rivaldo|
|Simple for Simon as outstanding Yates extends Giro advantage|
|Ulster qualify for Champions Cup as Biggar makes history|
|Neymar tired of rumours and staying at PSG, president Al-Khelaifi claims|
|Beaten Halep calms injury concerns ahead of French Open|
|Van der Vaart´s Midtjylland nightmare set to end|
|It has been a crazy ride - Klopp proud of Liverpool ahead of Champions League showdown|
|Raonic pulls out of French Open|
|Liverpool youngster Alexander-Arnold not overwhelmed by England call-up|
|Torres captains Atletico Madrid on farewell|
|Otaegui claims second European Tour win at Belgian Knockout|
|Green: Warriors play best when we feel threatened|
|Daredevils dump out defending IPL champions Mumbai|
|Fan shows off Monk face tattoo on bottom|
|Bayern Munich chief Hoeness rules out spending spree|
|Fury to take on Albanian Seferi in Manchester next month|
|Mourinho mind games won´t distract from Manchester United´s paused progress|
|My motivation is intact - Ranieri open to offers following Nantes exit|
|Shields would probably have made All Blacks squad - Hansen|
|Willian fuels rift talk by hiding Conte with emojis in cup photo|
|Marquez extends lead at Le Mans as Dovizioso crashes again|
|Top-six mentality a boost to England´s World Cup hopes – Southgate|
|Dominant Svitolina retains in Rome as Halep sustains injury scare|
|I´d play for free! - Fifita desperate for State of Origin call-up|
|Plea satisfied with Nice exit as big changes beckon|
|Boateng open to leaving Bayern for move abroad|
|Napoli slam ´shameful and offensive´ Juventus celebrations|
|Red Star´s open-top bus goes up in flames|
|Klopp rejects Liverpool´s Champions League final underdogs tag|
|Root trusts batting form to ´click´ for England|
|Matic wants Man Utd to back Mourinho in transfer market|
|Walker out with eye socket fracture following Melbourne-Manly brawl|
|Don´t try it at home! - LeBron wows with game three passing|
|Dragons restore two-point lead, Sharks battle past Bulldogs|
|Any club would want Buffon, says PSG president|
|Villarreal renew Calleja contract after Europa League qualification|
|Talisca heading to Premier League, hints Besiktas boss|
|Celtics ´needed to get our butts whooped´ by Cavs, says Rozier|
|Bayern should have had a penalty, admits Boateng|
|NBA great Bill Russell released from hospital|
|When I play I´m Luca, not Zidane – Zinedine´s son distances himself from father|
|Barzagli: Buffon the greatest of all time|
|Indians ace Kluber becomes first in AL to seven wins|
|MLS Review: Two-goal Villa inspires NYC rout, Timbers stay hot|
|Kuznetsov sets Capitals´ playoff points record|
|Stevenson-Jack showdown ends in majority draw|
|Galatasaray win 21st Turkish title on final day|
|Cavaliers rout Celtics to cut series deficit to 2-1|
|Harvick holds off Suarez to win All-Star race and $1m|
|All Blacks name three new faces for France Tests|
|Mo Salah 15 years behind Cristiano Ronaldo – Klopp|
|Jaguares extend winning streak with Bulls thrashing|
|Nobody is bigger than PSG, says Al-Khelaifi amid doubts over Neymar|
|Warrington targets Frampton after Selby upset|
|Zidane says Real Madrid are ready for Champions League final|
|Heynckes: Bayern aren´t bad losers after DFB-Pokal snub|
|Everything was positive - Emery leaves PSG satisfied|
|Wise, Leishman tied for Byron Nelson lead|
|Torres, Iniesta share gift of good decisions - Simeone|
|Arrivederci Buffon - The Juventus´ greats remarkable career in numbers|
|Favre leaves Nice as Dortmund post awaits|