Tottenham boss Harry Redknapp expects Manchester City to shape the January market.
"Everyone thinks Man City are going to come in and pay way over the odds for everybody because of the money they've got, but I don't think they will," he said.
"Mark Hughes is a very clever manager, he might want the players but I don't think he'll sit back and let the owners pay vastly inflated fees for players he does not feel are worth that kind of money.
"I think that is the key, if a chairman hears Man City might be interested in one of their players they could say, 'Let's hang on and we could double our money'. I don't think that will happen, Mark is too shrewd for that."