LaLiga has increased Barcelona's squad spending limit by nearly $116 million to $501 million, the league announced Tuesday. The adjustment raises fresh hope for the Spanish champions as they look to strengthen their roster this summer.

Real Madrid retain the highest cap in the division at $880 million. Atletico Madrid rank third at $389 million, followed by Villarreal at $200 million and Athletic Club at $153 million. Levante ($19.6 million), Sevilla ($25 million), and Getafe ($39 million) operate under the three lowest caps in LaLiga.

Barcelona's revised limit represents an $95 million increase over their $406 million cap at the start of the season. However, club sources confirm annual squad spending still exceeds $579 million, meaning Barcelona remain above their permitted threshold.

Until the club reaches compliance, LaLiga regulations restrict Barcelona to reinvesting only a portion of funds generated through player sales or wage reductions into new signings.

Barcelona are currently in an electoral period without a permanent president. All three finalists in the presidential race have pledged the club will be positioned to sign players by summer. Candidate Marc Ciria was the most bullish in his assessment.

"In terms of signings, under our financial plan, I expect to have the situation fully normalized so that we can go to the market on equal terms with any other club or institution," Ciria told ESPN. "Barça will have the capacity to make relevant signings again to be able to win the next five Champions Leagues — a competition which we have not won in 11 years."

Club sources indicate Barcelona are targeting a striker, a center-back, a left winger, and fullback depth in the upcoming window.