Barcelona could have 120 million euros to spend in a major squad reorganization this summer, club president Josep Maria Bartomeu said.

Barcelona needs replacements for Victor Valdes at goalkeeper and Carles Puyol at central defense.

It is not clear how many players would be acquired.

“At the moment I do not know how many players we will sign,” Bartomeu said. “Two for sure and the rest we will see about. If they ask us we could dedicate 120 million euros to signings and stretch out the syndicated loan a year.”