David Moyes has admitted the Everton squad is 'not ready' for the start of the new Premier League season following a frustrating summer in the transfer market.
The Toffees have secured the services of Brazilian striker Jo on a fresh season-long loan in their only piece of first-team transfer business and Moyes has conceded that his squad is thin on the ground.
The need for fresh faces is also increased ahead of another season in the Europe – starting with a Europa League play-off tie against Czech side Sigma Olomouc later in the month.
"We are not ready as far as the squad goes, we want more players in," admitted Moyes.
"We let a few go in the summer – Andy van der Meyde, Lars Jacobson, Nuno Valente – and we have not replaced any of those players yet.
"If we want a run in Europe we need more players quickly. The search goes on, it has never stopped all summer and I am feeling a bit demented with it all now!
"Apart from a couple of clubs, the transfer activity around the country has been limited. But for us, to have finished fifth and reached a cup final, to improve on that costs a lot of money.
"But we don't have that money. So trying to find players who are cheap, don't want much wages and will come here to improve us, well, it is not easy."