Coventry City have had their transfer embargo lifted by the Football League, enabling them to make signings ahead of the new season on 18 August.
The relegated League One club were given the green light after filing their accounts, which have consequently been signed off by the Football League.
The Sky Blues have already missed out on two transfer targets this summer.
Shrewsbury's Coventry-born striker James Collins opted for Swindon, while Bradford's David Syers chose Doncaster.
And boss Andy Thorn has been concerned at how to cope with the potential loss of three of his defenders.
Richard Keogh remains a target both for Bristol City and Cardiff City, while there has also been speculation over the future of his centre-half partner Martin Cranie.
And Scottish Premier League side Hibernian are keen to bring back James McPake, who spent the final four months of last season on loan at Easter Road and now has just a year left on his contract at the Ricoh Arena.
"This is positive news for the club on many levels," chief executive Tim Fisher told the club's website.
"The lifting of the embargo means we can start to move forward with plans we have for the new season.
"Andy Thorn and Steve Waggott can now push on with implementing the squad plans they have worked so hard to put together in readiness for this decision."