Pep Guardiola is expecting Manchester City to face a tough transfer window due to inflated fees and uncertainty over the club's participation in the Champions League.
Last week, City were hit with a two-year ban from European competition by UEFA along with a €30 million (£25m/$33m) fine over alleged breaches of its Financial Fair Play regulations.
The club immediately signalled their intention to launch an appeal against the ruling with the Court of Arbitration for Sport, with chief executive Ferran Soriano saying the allegations "are simply not true".
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Prior to UEFA's announcement, many had been tipping Guardiola to oversee an overhaul of City's first-team squad.