The Spanish side have spent more than £180million so far this summer.
“We need money to continue being active in the market. And at the moment to get money we have to sell players,” Valdano told Reuters.
“We need to trim at least five players from the squad. The priority over the next few weeks is the sale of players and not the signing of new ones.”
“Things are progressing with some players,” added Valdano.
“But a bit of calm is needed in some cases because we have to complete the negotiations with the clubs.”
