Pep Guardiola has revealed that Manchester City will only buy “one or two” players next summer with their transfer dealings far “cheaper” than in the previous windows under him.

Having spent a remarkable £448million since he was appointed as City manager in July 2016, to radically overhaul an ageing squad, Guardiola said the club will be far less active.

“Of course we buy a lot of players and they have helped us a lot and next summer is to buy one or two players more. So our market in the summer will be cheaper,” Guardiola said ahead of City’s Premier League fixture at home to Chelsea on Sunday, having re-established a 16-point lead at the top of the table with the 3-0 hammering of Arsenal.

Guardiola suggested that City had spent heavily under him to try and accelerate being one of the best teams in Europe and address the issue of an older squad with six players out of contract last summer and the likes of Yaya Toure set to leave at the end of this campaign.

“If you want to compete at a high level of competitions you need the good players, and the good players make good managers, good clubs,” Guardiola. “At Manchester City, we can achieve what we have done in maybe 20 years but they try to do it a bit quicker to reduce the gap and to be there in every season trying to compete.