Manchester City will not make January funds available to manager Roberto Mancini.

The Telegraph says Mancini retains the support of Manchester City's Abu Dhabi owners following the club's second successive Champions League group stage exit, but the Italian will not be given new funds to bolster his squad in the January transfer window.

City's attempts to reduce their transfer spending and move towards compliance with Uefa's Financial Fair Play regulations ensures that there will be no major arrivals in the new year.

And plans are already being made for next summer's transfer window to follow a similarly prudent path, with senior figures ruling out moves for Roma's Daniele de Rossi and Atletico Madrid forward Radamel Falcao, despite Mancini admiring both.