West Bromwich Albion face a balancing act this summer to strengthen their squad and stay within English Football League financial rules, chairman Shilen Patel has said.
The Baggies reached the Championship play-offs last season but lost 3-1 on aggregate to Southampton in the semi-finals.
Seven players were subsequently released, including long-serving winger Matt Phillips, while Alex Mowatt, Cedric Kipre and Kyle Bartley are considering new contracts offered by the club.
Patel says Albion will record a "significant" loss for the 2023-24 financial year, following on from an £11m deficit the season before.