Real Madrid have been linked with a number of players recently, but club president Florentino Perez has made a worrying admission ahead of the upcoming transfer window.
Los Blancos spent a lot money in the off-season transfer window by bringing in the likes of Eden Hazard, Ferland Mendy, Eder Militao, Luka Jovic and Rodrygo.
This time around, the likes of Kylian Mbappe, Erling Haaland, Jadon Sancho and Kai Havertz have been linked with the LaLiga champions. However, Perez admits the club is in a bad situation due to the financial impact of the coronavirus pandemic.
When asked is the club can still make big signings, he told El Transistor: "No. The situation is really bad.
"It's difficult to ask the players to take a pay cut to help deal with the situation and then make signings like that. That can wait. Madrid will sign the best again when the situation changes.
"This year has been the most difficult for me. We lost important income from the stadium. We had to talk to the players for them to do their bit. If they hadn't voluntarily lowered their salaries, the company would have suffered losses. It's an exceptional situation.
"We receive a lot of income from the stadium, we've had losses of 25% which is a lot of money. You notice it more with Madrid, Barcelona and Atletico Madrid than the other clubs because they cover their costs with television rights and we don't."
