David Moyes has admitted that he is still not satisfied with life at Everton despite signing three new players this week.
The Everton boss has been frustrated in his attempts to bring in fresh faces throughout the summer but he has finally agreed deals for Lars Jacobsen and Segundo Castillo, while Louis Saha is also set to sign.
Everton are on the verge of recruiting Nigerian striker Victor Obinna from Inter Milan as well but Moyes does not believe he has done enough to turn Everton into major challengers.
Asked if his new signings would help Everton compete with the likes of Manchester United, Chelsea, Arsenal and Liverpool, Moyes replied: "No, no, I can't say yes to that.
"We have brought in four players but not spent any money - let's put that in perspective.
"Some people pay £20million for one player, we have not paid that for four or for any."
Moyes also admitted that he was not happy that Everton's dealings had come all at once after months of inactivity.
He explained: "I don't think that's good - I don't think it's good planning when you get it right at the end.
"I think it's better to have your business done early and have a pre season etc."
Moyes is delighted to have clinched a deal for Saha, with the Manchester United striker poised to sign subject to a medical.
The Frenchman has been plagued by injuries in recent seasons but Moyes is confident he will be a success at Goodison Park.
Moyes praised: "There is no doubt he is a fantastically talented player, the question now is can we get him fit and we are hoping we can do that.
"He was involved in 17 or 18 games for Manchester United last year and if he can be involved in a few more than that for us than he will certainly play a part.
"He has been an excellent centre forward throughout the years - he can do a bit of everything, he can run, he can head it, he can link play up as well.
"If you do get him on the pitch there is no doubt he is a very good player and adds qualities that we will need and I am confident that we can get him out there over the next few years."