Leicester chairman Milan Mandaric says as many as four new players could arrive at the club in the coming weeks.
The only summer signing made by new boss Paulo Sousa so far is Portugal Under-21 international Miguel Vitor, who is on a season-long loan from Benfica.
"We are assembling a good team and we still have two, three or maybe four players to come on board during August," Mandaric told the Leicester Mercury.
"There is obviously a need for investment in the players and he (Sousa) will get that money.
"The manager is looking for certain players to buy but also players to bring in on loan or who are on frees.
"We have to make sure we don't waste money. We will not throw it away."