Real Madrid are not done with buying new players yet, warns new Real Madrid coach Manuel Pellegrini.

Kaka has joined from AC Milan and Real have their sights set on Cristiano Ronaldo and have had a world-record bid accepted for Manchester United.

David Villa and Franck Ribery are also linked with the club as well as Gael Clichy.

Pellegrini has pointed out the that the club will go places under president Florentino Perez and director Jorge Valdano. And they are prepared to do what is neccesary to build a 'versatile squad'.

"We don't have a specific number of reinforcements we have to make," he told Real's official website.

"We are trying to come up with a versatile squad. Real Madrid will play in three championships next year and should not leave any one of them aside.

"I'd rather not talk about future signings because it would all be speculation at this stage. There are many good players that could sign for Real Madrid."

He added: "This is an important time for Real Madrid. A capable man like Florentino Perez has taken over the club and has been joined by Jorge Valdano, someone who has always been associated to all areas of the football world.

"They are building a great team, so it's natural for many players to want to sign for Real Madrid."

Watch Barcelona president Juan Laporta's response to Real Madrid's recent record-breaking signings