Swansea City chairman Huw Jenkins insists his club do not have to sell before they can buy again this January transfer window.
The Swans broke their club record by landing Welshman David Cotterill in a £600,000 deal from Sheffield United last week, and are willing to fund further deals.
That does not, however, mean manager Paulo Sousa will need to sell before he can buy and Jenkins insists they are not eager to break up their promotion-chasing squad.
"There has been no interest in any of our players so far and we aren't looking to move anybody on at the moment," he told skysports.com.
"There are one or two players that our manager would like to bring in and that is what we are hoping to do during this transfer window, but that doesn't necessarily mean that we need to offload some players first."
Cotterill, 22, found himself surplus to requirements at Bramall Lane this season after joining in the summer of 2008.
And Jenkins believes his move to the Liberty Stadium can help the Cardiff-born midfielder rediscover his touch.
"We are always looking to strengthen the squad if we feel that the right player, at the right price, becomes available and that is what happened with David," he added.
"We feel that he can progress with us and help get his career going again."