Newcastle boss Glenn Roeder fears the January transfer window will force clubs to spend money they do not have as they attempt to strengthen their squads.
The Magpies manager doubts that the existing system benefits anyone but the big boys.
Roeder said: 'It certainly does not benefit the clubs outside the top four.
'Because of salaries in the Premiership, the majority, if not all of the clubs outside the top four run with a small squad because of the cost and take the chance they do not get injuries.
'If they do pick up severe injuries they suddenly find themselves in trouble and not being able to go into the market.
'If the football authorities sat down and included football people and talked about it, maybe we could come to some sort of agreement, especially in the summer transfer window, where each club would be allowed to take one or two players on loan just to help out injury-hit squads.
'I cannot say I am a fan (of the window). It is almost encouraging clubs to spend more money than they have got to try to make sure if they are hit by injuries, they get through, and that has brought clubs financial problems.'
That said, Roeder is not expecting a flurry of big-money moves over the next month despite his hopes of landing Liverpool's Peter Crouch, while champions Chelsea continue to be linked with Manchester City's Micah Richards and the futures of Darren Bent and Jermain Defoe come under the spotlight once again.
Roeder added: 'I do not believe there will be lots of business done anyway in the Premiership because money is that tight.
'I think there will be very few clubs actually being active with any funds.'
Agent Sky Andrew is not expecting an early rush, but is confident it will gather pace as the deadline looms.
He told BBC Radio Five Live: 'Everyone is going for the same players and it ends up going around in circles.
'I do not really expect much to happen straight away. I think there is going to be a lot of bartering going on in the early stages of January and then when it gets to the last week there will be a mad rush.'
Richards' position is perhaps the most intriguing with City hoping to keep hold of their talented defender, but knowing their interest in re-signing Shaun Wright-Phillips from Chelsea could prove an opportunity for both clubs.
However, the Blues have also been linked with a surprise move for Portsmouth's in-form former England international defender Sol Campbell.
Manchester United boss Sir Alex Ferguson has already snapped up short-term signing Henrik Larsson, but is also reportedly in the market for both Bent and Defoe as well as Bayern Munich midfielder Owen Hargreaves.
The Scot is also among the names said to be monitoring Southampton's talented teenage full-back Gareth Bale, who seems certain to be playing his football in the Premiership in 2007.
Liverpool boss Rafael Benitez has dismissed speculation that he is trailing Valencia's £22million-rated striker David Villa, opening the way for Newcastle, who are also being linked with Bolton's Kevin Davies, to make a move for Crouch.
Benitez is said to have an interest in West Ham's Javier Mascherano, who along with compatriot Carlos Tevez, has endured a difficult start to his career in England.
However, Hammers boss Alan Curbishley said: 'I am under the impression they are here until the end of the season so I do not think there is any likelihood that any of them will be leaving.'
There could be moves to the Premiership for Birmingham defender Matthew Upson, Derby midfielder Giles Barnes and Preston striker David Nugent.
Middlesbrough duo Gaizka Mendieta and Massimo Maccarone could be among those heading out of the English game, while the prospect of former England skipper David Beckham following Michael Owen and Jonathan Woodgate back from Real Madrid will be a major topic for discussion with Bolton boss Sam Allardyce admitting he could consider offering him a deal.