Steven Pressley has warned that Darren Dods could be the only recruit of the close season - even though Mark Stewart and Marc Twaddle have left Falkirk.
The striker signed on with Bradford City on Friday.
But any compensation payment due to the Bairns, won’t go to the team manager.
The playing pool, minus last season’s top scorer, remains over budget and players must move out before Pressley can bring new faces in.
He ran the rule over several trialists in a bounce match on Tuesday, but the exercise was no more than window shopping for the Bairns boss as he has no money to spend and has already seen several potential targets move elsewhere.
“We have to move players on before I can bring any players in, it is as simple as that,” he told Heraldsport.
“I have been looking at players, identifying who we would like to sign and who won’t be in our plans - but that all relies on us having money, and that comes with moving more players on.”
“Even when Mark Stewart goes I don’t have any money to sign a replacement striker,” he added.
Speculation linked Tam Scobbie with a trial at Reading, but that hasn’t come to fruition, and none of Ryan Flynn’s suitors have come forward with bids.
Stewart moved last week and this week Marc Twaddle also departed bound for Rochdale.
“I know rumours are going around about us bringing players in, but the fact is we can’t sign anyone. We can have an interest in players, but at this moment in time, I cannot sign anyone.
“I need to move some players on - and I have spoken to them about the situation.
“It is for the benefit of the club, to bring us into line with our budget, they understand and they are working to help too.
“I have been tirelessly trying to manouevere and resolve the situation, as has Lee Bullen, but even if we shift two players that still doesn’t mean there are funds for me to utilise.”
That will not be welcome news among the Bairns ranks, but Pressley insists, if and when the money is in his hands, he has his targets identified.
“I genuinely thought it would be easier to move the players on - because the players we have under contract here are good players - but it is incredibly difficult with the current lack of finance in the game.
“I have been keeping a close eye on players though, so when the time comes, I know who is available and am ready to move, but that won’t be until we move players out and that’s the frustrating thing.”
Until then, Falkirk continue to work with the likes of Ryan Flynn, Tam Scobbie and Mark Millar.
“The supporters have to realise I won’t be using any of the Mark Stewart money, but I knew this would be the case when I accepted my contract extension.
“I was under no illusions. It will be a tough season and I understand the budget I have to work within and the financial position at the club.
“That’s the situation and if the supporters can help in any way they can; buying season tickets, merchandise - anything at all - then that can only help the club.
“The team needs their backing this season and although I can’t move on anything right now, I am prepared and have targets if and when the time comes.”