The veteran manager hinted recently that he would like to add two players to his squad before the new campaign gets underway in August.
Despite admitting that his club would find it hard to compete financially with some of their Premier League rivals, Ferguson has revealed that potential targets were identified a few months ago.
"Hopefully the players we bring into the club in the next year or so will be of the quality we need. We're competitive in the market. We're not Chelsea or Manchester City in terms of money but we're competitive," he told Inside United
"We've been doing a bit of work on that over the last three or four months, targeting who the players are that we feel could enhance us, make us better or help us maintain the level we're at."