The 61-year-old feels the club needed to spend and improve their squad this summer, but realises he will be under pressure to deliver trophies
Manchester City manager Manuel Pellegrini says his team have no excuses for failure this season after a spending spree which is set to reach around the £150 million mark.
After a trophy-less campaign in 2014-15, City have signed the likes of Raheem Sterling and Nicolas Otamendi, while Kevin De Bruyne's move from Wolfsburg is expected before the transfer window closes.
The Belgium international's signing will complete a summer of high spending at the Etihad and Pellegrini, whose team have won all three league games ahead of Watford on Saturday, feels a title is now needed.
"Last season we had some restrictions but I didn't give any excuse not to win the title," the Chilean said.
"This team must try to win titles every year. It's not so easy because you have strong teams here in the Premier League and in the Champions League.
"But we must try to do it. The best way to at least try is to have a good squad. That's what we are trying to do now and we finish on Tuesday when the transfer window is closed."
City have scored more goals goals in the Premier League during Pellegrini's two seasons in charge than any other club, yet still finished eight points behind eventual winners Chelsea in 2014-15.
The club conceded more goals than any other top-four team last season but Pellegrini insists he wants his side to keep scoring and attacking, despite suggestions they should be more defensive.
"One thing I never conceded was to change the style because you won't get the results you need," he said.
"I started working here two seasons ago. In the first season, we won two titles and were the highest-scoring team. I don't like to change style because I think the fans deserve attacking football that really delights them."
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