Tony Fernandes denies that Queens Park Rangers have overspent this summer.
There have been seven arrivals and QPR are in talks with Real Madrid’s Ricardo Carvalho (loan), Tottenham’s Michael Dawson and Inter Milan goalkeeper Julio Cesar.
Owner Fernandes tweeted: “Wages are less than last year 15 players already left. And we have spent a net of 1.5m this year. There is no panic.”
He also told TalkSPORT: "None of those deals that have been reported have actually been done. We have been talking on many, many fronts. When they're done we'll announce them, if they're done," he said.
"But there have been many things we have been trying to do over the last eight days."
Asked about Dawson specifically, Fernandes said: "I'd rather not comment. We are in discussions but QPR have got to run a sensible business. I think people out there think we are just throwing money and panic buying, all these kinds of words I hear. I think we are very calm at what we want.
"We have done some sensible business over the summer and we are not going to throw it away. We are here for the long run and we'll do things properly."
Brazil international Cesar was a key part of the Italian side's Champions League win two years ago but now looks set to leave the San Siro.
Samir Handanovic arrived from Udinese this summer and Cesar has been allowed to speak to other clubs about a move.
Tottenham have been heavily linked with the 32-year-old but it is understood that QPR are in talks with the Inter goalkeeper.
The west Londoners' technical director Mike Rigg is speaking with Cesar's representatives to see whether a move to Loftus Road can be pushed through.
The news comes just days after summer signing Rob Green's blunder set Swansea on course for a surprise 5-0 victory at QPR.
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