Chairman Huw Jenkins defended Swansea City's spending in the close season after the Premier League club's transfer policy came under heavy criticism from local media.
The Welsh side broke their record to sign striker Borja Baston from Atletico Madrid for £15.5m.
They also recruited Spanish striker Fernando Llorente, midfielder Leroy Fer, defender Mike van der Hoorn and goalkeeper Mark Birighitti.
Winger Nathan Dyer and attacking midfielder Gylfi Sigurdsson also agreed new contracts with the club.
'We have made seven additions to the squad from last season when you include the return of Nathan Dyer from his loan spell at Leicester City.