Derby County boss Steve McClaren says he does not expect any further transfer activity this month as he is content with his current squad.
The Rams have already been busy in January, completing a deal for Simon Dawkins from Spurs and signing Patrick Bamford on loan from Chelsea, while Michael Keane and Zak Whitbread have both had their deals extended from Manchester United and Leicester City, respectively.
McClaren has transformed Derby, who are currently fourth, into promotion contenders since his arrival in September, but he says that he does not see himself doing any further business in the current transfer window.
"I don't plan to do anything at the present moment. I am happy with the squad and why not?" he told the Derby Telegraph.
"This squad in the first half of the season has performed very well.
"It has proved good enough to get in a good position."
McClaren pin-pointed the emergency loan window, which re-opens in February, as a more likely time for Derby to bring in reinforcements.
"What's January, really? We have still got the loan period after January and that is what we will be looking at anyway - loans, not to buy anybody," he said.
"Unless something really exciting comes up, something that is going to change our team, help our team, then I can see us doing no business at all.
"I think it (January) is the wrong time. I don't think there are a lot of players out there who we can buy who could improve our squad.
"I think that might change in the loan market but I don't think at present there are players out there at the price and salaries we can acquire that are going to make a difference to what we have got."