Development director Steve Waggott explains adding to the squad within the constraints of a transfer embargo
Sky Blues boss Steven Pressley started the process of strengthening his side on Tuesday with the acquisition of free-agent striker Mathieu Manset on a one-year deal with an additional one-year option.
Manset is the first new face through City's doors for the 2013/14 season following administration and a transfer embargo.
Sky Blues development director Steve Waggott explained how the club can bring in new players whilst operating under embargo.
He said: "According to the rules of the Football League and Financial Fair Play you can be subject to a transfer embargo but still be able to make adjustments to your squad.
"The Football League operates a policy of one player out and one player in, therefore the departure of Cody McDonald in the summer enables us to bring in a replacement.
"There are, however, certain conditions to any transfer business being done to ensure that clubs are not increasing their financial risk in their acquisition of new players.
"To ensure that, the Football League insists that any player brought in can only be on a maximum 75% of the wages that the departed player was on.
"Given that condition, it is crucial that we make the best possible use of this opportunity. Steven Pressley has been working tirelessly to identify the kind of targets that he feels will add depth to his squad for this season and I will work equally hard in trying to get his targets through the door in a manner that fits in with Football League rules."