Nigel Pearson has been developing his current squad over the past three years and has recently secured Premier League survival.
Targets have been identified prior to the summer transfer market opening, but Pearson wants the club to continue investing steadily and enhance the squad further.
For example, Leonardo Ulloa remains Leicester City's record signing at £8million, which in Premier League terms is remarkably low.
The Foxes boss has said Leicester would not start spending huge amounts again in the upcoming transfer market. This could also be considered a warning to fans before they get their hopes up.
"I don't know what people's perceptions are, but I recognise that it is a potential problem," Pearson told the Leicester Mercury.
"We are not all of a sudden going to start spending £25m, £35m, £40m and wages on a player. It doesn't happen.
"We may do one day but we have a good idea where we are at, we know the types of players we are looking for.
"You only have to look at some of the situations at other clubs where you can actually point out how they have tried to do it in a different way and it doesn't always work out. We have wealthy owners but they are very clever, astute business people."
Nowadays, some football clubs and fans expect to see money spent in all directions, but as a business model, it doesn't always work out. The new television deal will certainly help clubs in the top-flight, while possibly distancing them from lower divisions as close as the Championship.
It's refreshing to see a manager come out with honesty and state that money isn't always the answer. If anything, it has too much say in today's game and as a result football fans are paying the consequence with higher ticket pricing.
Pearson has identified the players he wants at Leicester City next season in their second consecutive attempt to avoid relegation.
"We have identified players we would like to bring to the football club who will enhance what we have got at the club, and we will be working hard to bring those players in," he continued.
"Whether they meet the expectation of what the public want, I don't know what people's expectations are.
"We will try to strengthen in a way that makes us better than we are now, makes us able to compete more vigorously and allows us to perform more evenly over a season."