Tottenham chairman Daniel Levy has told Harry Redknapp he will not be given any extra cash for new signings in January despite the club's Champions League ambitions.
Spurs are currently fourth in the Premier League, but various reports have suggested Redknapp is eager to bring in additional defensive cover in January as well as bolstering his strikeforce.
However, while it appears that Roman Pavlyuchenko is still likely to move on, Levy wants to keep movement to a minimum during the window and says Redknapp will not be given any additional funds.
"We do not envisage being very active in the January transfer window, although we will take note of any opportunities that arise," Levy said at the club's AGM. "That is with the proviso, however, that we do not envisage any net spending.
"Having a settled squad gives us the best chance for consistency. We are striving for top-level displays, including the ability to take on and beat the so-called top-four teams."
Levy dismissed fears, however, that the club's plans for a new stadium could impact on transfer revenue.