Tottenham are still yet to sign anyone this summer but there's reports that Jack Grealish could come in from Aston Villa.
"We need to rise to that challenge because there are going to be teams..."
But while City begin the campaign as firm favourites after their record-breaking title campaign last season, they will be well aware of the threat posed by Juergen Klopp's improving Liverpool and the rest of the big six.
"You also have to consider that Liverpool are City's Kryptonite".
CFG's New York City FC franchise is not covered in the agreement as they fall under the collective MLS deal just recently extended with Adidas for a further six years for a reported $600 million.
The new English transfer deadline will be reviewed in September, Premier League executive chairman Richard Scudamore has said.
With this year's deadline taking place much earlier than usual - it's normally the end of August - the Premier League has revealed there will be a review. He said: "It wasn't a unanimous decision to do it, so there's bound to be some dissent still around". They argued that they have to sell players for financial reasons if they fail to qualify for Europa or Champions League.
Liverpool beat City three times last season - twice in the two-legged Champions League quarterfinal, and their moves in the transfer market should make them serious contenders. "It's up to us to achieve them dreams".