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Real Madrid coach Manuel Pellegrini says he would like to see the club conclude its transfer business by the end of July.

Madrid have already signed Kaka, Cristiano Ronaldo, Karim Benzema and Raul Albiol this summer, but they remain keen to strengthen the midfield and defence.

“The sooner the better,” Pellegrini said.

“July 27 would be good because that’s when our internationals return, but I’m not bothered about waiting a while longer if there are any doubts concerning a signing.

“There’s no deadline. I know what I want, but I’m not looking to have it for our first pre-season match.

“The squad needs to be ready for the start of the campaign.”

While Pellegrini expects several players to leave, he says the future of many is still undecided.

“I’ve spoken to every player about his situation on the team,” he said.

“It’s a thankless situation. We have to look for alternatives for those who no longer count.

“They all want to stay, but we’ll all end up understanding each other because we are all involved in the project.”

Asked who would leave, he said: “That will depend on who arrives.

“The club will make announcements when necessary, but it isn’t true that all the Dutch players will leave.”

Holland midfielder Wesley Sneijder is among several players linked with a move away, but Pellegrini has hinted he may have a future at the club.

“He is a very good player in this squad and we could benefit from having him,” he said.

Meanwhile, Pellegrini acknowledges that his key challenge next season will be to overhaul Barcelona.

“Barcelona have proved they are a great team by winning three titles. They have a permanent philosophy and quality players,” Pellegrini added.

“We will try to be better than Barcelona and the rest of the teams. You can’t afford to write off any side because there are always several strong contenders for the title.

“There will also be a great challenge for us in Europe.”

He added: “I think everything is difficult at Real Madrid because the club demands you win everything and play well at the same time.

“I consider it my duty to thrill fans with beautiful football. We have to build the squad first and then achieve a style that every player can adapt to.”

After completing his shock move to Manchester United, can Michael Owen repay the champions by topping the Premiership scoring charts? See all the best price betting here.

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