Upbeat Manchester United boss Sir Alex Ferguson insists he is happy with his squad and does not expect to bring any more players to Old Trafford before the end of the month.
Despite losing Cristiano Ronaldo and Carlos Tevez since the end of last season, United have enjoyed a successful pre-season and beat Valencia 2-0 in their latest friendly on Wednesday.
Ferguson said after the win: "We're working from a position of strength. We don't suddenly have to splash out to try to compete at the top.
"We're already there, thanks to a long-term strategy of buying mostly young players, who we feel have the potential to become top performers.
"It's certainly our intention to challenge for everything on offer and I feel we're well placed to take on all comers.
"I know there will be some fans who are disappointed that we didn't spend the princely £80million on another superstar.
"I would have done had I felt we'd have been getting value for our money, but this close season some crazy things went on and the price of the game's major players went through the roof.
"The asking price for players we were looking at just wasn't realistic and we held off.
"I think we've shown over the years that we aren't afraid to spend big and we've frequently created transfer records, but only when we felt the level of the fees made financial sense.
"The level of the fees being demanded in recent months just didn't add up."