Joan Laporta has reassured fans that Barcelona are monitoring the transfer market in search of potential targets for either the January transfer window or next summer.
The Barcelona president also stressed that the Blaugrana will always be focused on developing La Masia talents and explained that promoting and working with youngsters will offer the club financial stability.
"We are working to improve the squad at all times," Laporta told Sport.
"I do not know if it will be in January or at the end of the season. We are attentive to the movements that occur in the market.
"To do this, we need tools and we will ask the Assembly for permission to authorise us to compete at a high level, to invest in the team and improve it.
"Our model, apart from the style of play, is based on players who get promoted from La Masia, so it has always been our bet and I will continue to do so.
"It is fundamental for the viability of the club and the financial sustainability. There are times when more or fewer signings are needed, and now we need players to make a more competitive squad."
Laporta hit out at the previous board for the way they managed their budget and their non-existent transfer policy in the last few years.
"We are generating world-class players and we want to return to this line," added Laporta.
"We will always apply a sports and financial logic of not bringing players just to bring them, as has happened in the recent past.
"When the financial logic of prudence and responsibility are lost, it leads to a situation of putting the institution at risk.
"Now we will announce some results that are a disaster as a consequence of the mismanagement of the previous board.
"But we will also proclaim the resurrection of Barcelona. Barcelona will resuscitate and once again be a world reference."
Dembele renewal
Ousmane Dembele's contract with Barcelona is set to come to an end next summer and Laporta claimed that both the club and the player are willing to reach a contract extension deal.
"There is a very good relationship with [Dembele and] we are talking with his representative," noted Laporta.
"Ousmane wants to stay. He is a player that interests us a lot. Him being able to play will be essential for the team to improve. The coach thinks so.
"If he is respected by injuries, he will be an important reinforcement for us this season. He has a contract, he's proven [his worth] and has been with us for years. We are trying to renew him. We knew that he was in his last year of contract."
Laporta also revealed that Ansu Fati is another young prodigy who wants to renew his current deal.
"His case is the same as Dembele," said Laporta.
"He has a contract, he wants to stay and we are negotiating."