Ipswich chief executive Simon Clegg has assured boss Paul Jewell he will have funds available to him in January for squad strengthening.
The Tractor Boys have announced pre-tax profits of £136,000 for the 12 months up to June after recording loses of £14 million and £10 million in the previous two years.
Speaking to BBC Radio Suffolk, Clegg said: "If Paul needs to bring in additional players and can convince the owner he has identified the players at the right price, then support will be there."
Clegg admits that the sales of strikers Jon Walters and Connor Wickham are a large reason for their profits this year which have come in spite of dwindling attendances.
"This is a bit of an extraordinary year. But any club in the current climate, with the current state of football finances, would be delighted to be showing a pre-tax and pre-interest profit."