Pellegrini is with the City squad in South Africa for a mini pre-season tour ahead of the Barclays Asia Trophy in Hong Kong - which will be live on Sky Sports.
The Chilean's first match in charge in charge of the Citizens will be against Supersport United in Pretoria on Sunday, followed by another in Durban next Thursday.
"We are trying to bring the best players into our squad. I am always open to young players, and to good players."
Pellegrini is also looking to strengthen his squad and has suggested there may be transfer news imminent, although he is not certain and did not discuss specific targets.
He said: "We don't know at this moment who is going to come here.
"We are trying to bring the best players into our squad. I am always open to young players, and to good players.
"I don't know if anything will happen before we leave South Africa, but maybe the next day we will have fresh news."
Source: Manchester City MAD