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The Toffees manager, whose side currently sit in the Champions League places, does not believe his team will strengthen in the upcoming transfer window due to a lack of "resources"

Everton boss David Moyes has admitted the club do not have the funds to bolster the squad in the upcoming January transfer window.

Moyes was able to recruit midfielder Darron Gibson and forward Nikica Jelavic last January, with the latter in particular making a significant impact on the remainder of the Toffees’ season.

Everton have made a terrific start to their current league campaign, lying in fourth after 11 games, but despite their impressive form, the Scottish manager does not see the Merseyside club delving into the market in the next window as they simply do not have the required "resources".

"I don't think we'll strengthen in January," Moyes told reporters.

"I don't think we'll be looking to do any business - not because we wouldn't want to but I just don't think we will have the resources to properly do it in January."

9/2 Nikica Jelavic is 9/2 with bet365 to open the scoring at Reading

Over the course of 2012, Everton have recruited the likes of Steven Naismith, Kevin Mirallas, Steven Pienaar, Bryan Oviedo, Gibson and Jelavic.

The club finished seventh last season, higher than their rivals Liverpool for the first time since 2005, while also reaching the FA Cup semi-final.