Ole Gunnar Solskjaer will be backed by Manchester United in the transfer window, executive vice-chairman Ed Woodward has promised.
Solskjaer, who made no signings in January, has indicated he wants to oversee a clear-out at Old Trafford.
Ander Herrera and Antonio Valencia are leaving while Juan Mata is out of contract and his future at the club is still unresolved.
United ended the season poorly, with no wins in their final six games in all competitions, losing 2-0 at home to Cardiff City to conclude a Premier League campaign in which they finished sixth.
They will not play in next season's Champions League, which is likely to deal further damage to any possible transfer budget, but Paul Pogba has been linked with a move away that could bring in a significant sum.
And Woodward has indicated there will be funds for Solskjaer to invest in his squad regardless of player sales, given the club's continued commercial success.
"The strength of our business means we have the financial resources to continue to provide backing for the manager and creating success on the pitch," Woodward told investors. "This, as ever, remains our number one goal.
"It [the season] clearly didn't end the way we hoped, finishing in sixth place and with a disruptive managerial change partway through. However, Ole and the squad battled back from December to be in contention to qualify for the Champions League next season but, ultimately, we came up short.
"While the last few weeks were disappointing, we are delighted to have confirmed the appointment of Ole as our manager on a three-year contract, and to have confirmed key members of the coaching team, Mick Phelan, Michael Carrick, Kieran McKenna and Mark Dempsey will all be remaining at the club.
"Everyone at the club – the board, the manager, the squad and all the staff – are resolute in our desire to get United back to the top of English football. We continually look to improve staff on and off the pitch to achieve this."
Plans to revamp the Champions League have been met with widespread condemnation, with the Premier League, German Football League (DFL), French Football League (LFP) and European Leagues all criticising proposals to expand the group stage.
But Woodward indicated United, who will be playing in the Europa League next term, are not necessarily against changes being suggested by the European Club Association (ECA), which is led by Juventus chairman Andrea Agnelli.
"This is partly driven by domestic leagues across Europe not necessarily thriving and there being a desire from the clubs that are toward the top of those leagues to play more European games, which perhaps are more competitive," he said.
"I think there is drive from UEFA, which is laudable, which is to try to give greater access to more teams, so if you look at the year just about to finish, 80 teams competed in the two competitions [Champions League and Europa League] and the proposal for 2024 is 128 teams, so a greater than 50 per cent increase in the number of teams playing in Europe.
"There are other factors as well. From our perspective, we view these proposals as interesting but there's a lot of work to do with stakeholders to assess this. We're doing that ourselves together with our colleagues in the Premier League and the ECA."
|Zidane vows to make changes as Navas & Bale face uncertain futures|
|MotoGP Raceweek: Marquez masters Le Mans to make it three wins in four|
|We are the guilty ones - Marcelo says Madrid players must accept responsibility|
|Ten trophies, 360 appearances, 20 goals - Kompany´s Manchester City career in numbers|
|Pliskova seals Rome title with straight-sets win|
|De Bruyne, Neville and a rock ´n´ roll star pay tribute to captain fantastic Kompany|
|Perth Glory 0 Sydney FC 0 (aet, 1-4 on penalties): Redmayne the hero in A-League Grand Final|
|Real Madrid 0 Real Betis 2: Zidane´s men humbled in final-day defeat|
|Joshua-Wilder must be next, no excuses - Hearn|
|Trail Blazers need effort over strategy in Game 4 against Warriors - Stotts|
|Fans to receive 82 per cent of Euro 2020 tickets|
|Green: Arguing with officials made me disgusting to watch|
|Kompany appointed as Anderlecht player-manager|
|World class Kompany is Manchester City´s DNA, says Goater|
|Ponga scores stunning double as Knights thrash Dragons|
|Kompany thanks Guardiola and Manchester City team-mates after announcing departure|
|Kompany leaving Manchester City after 11 years|
|Breazeale feels referee stopped Wilder fight too early|
|Green playing ´unbelievably well´, says Kerr|
|Astros get 10th straight win with defeat of Red Sox|
|Warriors´ Iguodala to undergo MRI as Finals beckon|
|Three takeaways from Golden State´s comeback win over Portland|
|Wilder asks for patience over Joshua fight|
|Warriors on verge of NBA Finals after trumping Trail Blazers|
|Wilder retains title with first-round knockout of Breazeale|
|MLS Review: Rooney scores in DC defeat, Wondolowski breaks record|
|Larson wins $1m NASCAR All-Star Race after qualifying in Open|
|Nurse wants Raptors to ´play their a** off´ and change series|
|My last great moment at Allianz Arena – Ribery revels in Bundesliga triumph|
|Eagles defensive end Long announces retirement|
|Ribery, Robben shaped Bayern & Bundesliga – Kovac|
|Favre left disappointed after Dortmund miss out on title|
|Sancho targets Bundesliga glory with Dortmund next season|
|Koepka has no doubts he´ll win US PGA Championship|
|Johnson looking for ´some help´ from Koepka|
|History awaits as Koepka takes record seven-shot lead at US PGA|
|Of course I will be here – Cavani wants to stay at PSG|
|Saunders targets ´big names´ after becoming two-weight world champion|
|Kane stars as USA close on quarter-final berth|
|Lyon president Aulas urges PSG to make Ndombele move|
|Sylvinho, Juninho to join Lyon as coach and sporting director|
|Dupichot and Zebo grab hat-tricks as Racing 92 rout Perpignan|
|Sensational Inoue hammers Rodriguez to win IBF bantamweight belt|
|Do not steal goals, Raheem! Sterling offers explanation for Pep-talk|
|Ouch! Djokovic embarrassed after accidentally hitting ball boy|
|Ronaldo pays tribute to departing Allegri|
|We need to score that chance - Gracia rues Pereyra miss in City humbling|
|Benfica crush Santa Clara to clinch title and pass 100-goals mark|
|Derby strikes and play-off failings – Wondolowski´s MLS goals record in Opta numbers|
|Goal-shy Piatek must focus on Milan - Gattuso|
|There is a score there for me - McIlroy pleased with improved display|
|Guardiola: Man City treble feat harder than Champions League but can be repeated|
|Djokovic edges out Schwartzman to set up Nadal final|
|Koepka still well clear despite slight Bethpage wobble|
|Paris Saint-Germain 4 Dijon 0: Mbappe closes on Messi with brace|
|Guardiola fumes at payment question after FA Cup win|
|Stormers hold Crusaders to dramatic draw after Lions win thriller|
|Mentally I was done – De Bruyne on injury nightmare|
|Sterling denied FA Cup final hat-trick as Jesus awarded Man City´s second goal|
|Guardiola demands improvement from treble-winning Manchester City|
|Madness – Sterling astonished by De Bruyne´s FA Cup cameo|
|Take another look at Manchester City´s sensational six FA Cup final goals|
|Man City treble: Are Guardiola´s men the best team of the Premier League era?|
|Chiefs finish top as Saints edge out Quins for fourth|
|Runaway leader Koepka starts round three at Bethpage|
|Bundesliga 2018-19: Jadon Sancho – Dortmund´s golden boy in numbers|
|Hegerberg hat-trick earns Lyon sixth Women´s Champions League title|
|Magician David Silva makes treble-winning history for Manchester City|
|Man City are the best team in the world - Kompany|
|Man City treble: Five unsung moments in Guardiola´s domestic clean sweep|