Leicester City intend to invest their record profits back into the squad.
The Foxes reported record-shattering after-tax profits of £80million for the financial year ending May 31, 2017.
In its financial report, City have pledged to reinvest the profits into the club's infrastructure, with plans for a new state-of-the art training ground set, and playing squad to continue the push to compete with the Premier League's elite.
The report said: “The season was a historic with the club reaching the quarter-finals of the Champions League, generating substantial income and many unique memories for all involved with the club.
“That experience has strengthened the resolve of all involved with the club to qualify for European football again.
“The club continues to make substantial net transfer investments into its squad and to increase the overall playing budget to allow it to compete and challenge at the top half of the Premier League."
Meanwhile, Leicester boss Claude Puel believes Wilfried Ndidi has been their best player this season.
“Since the beginning of the season, Wilfred is the most consistent player because he plays well, he recovers a lot of ball," said Puel.
“Perhaps in his last game (against Stoke), like his team-mates, he was not fantastic.
“But since the beginning of the season, he's improved a lot, he continues to work with good spirit in the training sessions, always correct.
“He is a valuable player for us because we didn't have a lot players with the same attributes. He can recover a lot of balls, he is strong in the duels and now, when he plays simple with quality, he can give a good start in our play."