Portsmouth manager Harry Redknapp has been promised funds to strengthen his squad following their FA Cup Final success.
Pompey will play in next season's UEFA Cup after Saturday's 1-0 victory over Cardiff City at Wembley and Redknapp, who spent around £30million last summer, will once again be backed in the transfer market.
The south coast club also invested around £15million in the January transfer window on midfielder Lassana Diarra and striker Jermain Defoe.
"We're not going to stand still now, we have to build on it," said chief executive Peter Storrie.
"We've got quality players and now, at our level, we have to bring in more and widen the squad a bit.
"We had a great season finishing eighth in the Premier League and we want to try to do even better than we have this season."
Meanwhile, Storrie has reiterated his belief that Redknapp has no plans to retire from management despite reports to the contrary.
"Harry's on a long contract. He's here as long as he wants to be here," he added.