Keith Millen does not expect much transfer activity in January but the Bristol City boss is ready to do some "wheeling and dealing".
Millen warned fans not to expect the Robins to spend big in the New Year and he believes rivals Championship clubs will be in the same boat.
He said: "The recession is really kicking in now and clubs are being forced to cut their cloth accordingly.
"Some of the big Premier League teams will have money to spend, but those days are over for the rest of us.
"In the current climate, it's a matter of wheeling and dealing and looking for the best price out there."