Speaking in the first instalment of his annual CityTV interview, Al Mubarak ruled out making significant additions, but admitted the Club have identified several key positions to invest in during the transfer window.
The chairman believes refreshing Pep Guardiola’s squad is vital and, having won the Premier League and Carabao Cup in 2020/21, he says it is important to make a statement of intent by signing players capable of competing for a place in the starting XI.
“One of the things I've learned over the years is, you need to constantly bring in talent into the team, refresh and particularly when you are at a high level and when you're on the top,” he told mancity.com.
“Having won the league, it is not the time to sit back and be content. That would be your biggest mistake.
“This is the time to send a strong message, that there's no contentment, that you're not satisfied with just winning the league.
“That's great, but you want to win it again and you are committed and you are bringing more talent that is going to compete, not for the squad, but for the starting XI.
“We lose a very important legend in Sergio Aguero. They are very hard shoes to fill, but I'm confident that we will find the right player to fill those shoes.
“There are other areas within the group, within the team that obviously need investment. Not too many. It's not about numbers, it's about quality.
“I think the squad is a phenomenal squad. You don't win the Premier League and you don't reach the Champions League final if you don't have an incredible squad and we have that.
“We will bring quality into the squad in a couple of key positions.”
The chairman also hailed the positive relationship he enjoys with Guardiola, who has now won eight trophies in the five years since his arrival.
During that time, the two men have formed a superb partnership, something they both spoke of when the City boss signed a new two-year deal in November.
And, with another successful campaign under his belt, the chairman reiterated his belief that City provide Guardiola with the perfect setting to achieve his aims.
“This partnership has been a great partnership,” he added.
“He’s in the right environment, he's got the right infrastructure around him. We have the greatest trust and the greatest relationship, and we've achieved so much.
“So, I think the journey goes on and it will go on as long as Pep is happy and we are happy.
“To the Man City fans, I tell you, just be positive, be confident, enjoy these moments, look forward to the next season and we'll take it one season at a time.”