The Tottenham Hotspur manager is working with one of the Barclays Premier League's biggest squads, meaning his hands are tied in the transfer market.
He has been informed by the club's board that any moves for further fresh faces will need to be funded by sales
There will, however, be plenty of movement towards the White Hart Lane exits before any arrivals are welcomed on board.
Redknapp said: "There is nothing happening in the transfer market.
"I need to sell four or five players to bring in funds.
"The chairman has made it clear we need to move a few players before we can start doing any business.
"I keep seeing us linked with this player and that, but unless we reduce our squad numbers we will stay quiet in the market."
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