Sir Alex Ferguson has revealed Manchester United could be set to spend this summer after he missed out on his key target in January.
United have made relatively modest investments in recent times in comparison to the likes of Manchester City and Real Madrid, but Ferguson said last summer that top-quality replacements would be required when his older players retired.
Ferguson has now said he felt United "had a chance" of adding a player in January - although he did not specify his position - and it appears the club will pursue at least one signing when the window reopens.
"Billionaire owners have introduced a new world that is turning football on its head," he told United Review. "For our part, we cannot afford to sit in an ivory tower. We have to face the challenge.
"It is a healthy competition and it goes without saying that we will not shirk it and I don't think we are doing so. Although I let the transfer window shut without signing a new player, that is because we did our homework some time ago and didn't have to rush into any emergency buying.
"We had an interest in one player, and I thought we had a chance of bringing him in, but the other parties involved weren't ready and so we have put it away until the summer."
The Sunday Mirror reports that Tottenham winger Gareth Bale is "at the head of their summer wanted list", while Aston Villa winger Ashley Young, Liverpool goalkeeper Pepe Reina and Porto striker Hulk have also been linked with United.