Manchester City emerged as the heaviest spenders in the winter window, investing approximately £85M to secure Marc Guehi from Crystal Palace and Antoine Semenyo from Bournemouth.
In the summer, City brought in Gianluigi Donnarumma, Rayan Ait-Nouri, Tijjani Reijnders, Rayan Cherki, James Trafford and youngster Sverre Nypan.
Despite this mass spending, Guardiola has joked that this is not enough and that he doesn’t understand why the club are not investing more money into the side.
“I am a little bit sad and upset because the net spent the last five years, we are seventh in the Premier League.
“I want to be the first. I don't understand how the club don't spend more money, so I am a little bit grumpy with them.
"But with the position like we were in the past, because we spent a lot, now six teams have to win the Champions League and Premier Leagues and FA Cups because they have spent more in the last five years.
"This is a fact. You can say opinions like 'you played good' or 'you played bad' - we can agree or disagree, but those are facts.
"Good luck to the six teams that are in front of us in net spend over the last five years. Good luck, we are waiting.”
Guardiola’s comments were tongue in cheek, but the fact is that Premier League rivals such as Liverpool and Arsenal have spent more in the past few seasons and the Spanish head coach may have a point.