West Bromwich Albion chief executive Ron Gourlay said that the promotion-chasing Baggies will only make "one or two" January transfer window signings.
The club have taken out a £20m loan but Gourlay said it is as much to help run the club on a daily basis as gambling on a return to the Premier League.
He also insisted that money will not be "squandered" and that Albion already have a good enough squad to go up.
That, said Gourlay, is due to the rapid impact made by boss Carlos Corberan.
"This is not money that is just going to be squandered, if that's the right phrase," Gourlay told BBC Radio WM.