Everton not looking to do any business in January, says Moyes

The Toffees manager, whose side currently sit in the Champions League places, does not believe his side 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 during 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 and 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 in 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."

Over the course of 2012, Everton have recruited the likes of Steven Naismith, Kevin Mirallas, Steven Pienaar, Brian 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.