Peter Lawwell has insisted it was "never the intention" for Celtic to be unable to add further quality to the squad in the January transfer window.
Brendan Rodgers signed Adam Idah on loan from Norwich and Nicolas Kuhn on a long-term deal from Rapid Vienna during last month's transfer window.
However, Celtic were unable to land any further targets with the players identified 'unavailable' during the window.
And Lawwell has insisted "resources were available" to make further signings but deals were unable to be struck for the players identified.
In the club interim report, Lawwell commented: "The Board shares the frustrations of the supporters regarding the less than anticipated activity in the recent transfer window.
"The Board's commitment is to strengthen and improve the playing squad in every transfer window and although resources were available, we were unable to further add to the squad due to the unavailability of identified targets.
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"This was disappointing to us all, and never the intention.
"The January transfer window is notoriously difficult as clubs are very reluctant to let their best players go at such a crucial time of the season just as we are. Indeed, we resisted strong interest in our players from other clubs."
Lawwell then cited a £23.9m commitment in player investment from the club since the summer transfer window in 2023 and referenced new contracts agreed with key players Cameron Carter-Vickers, Liel Abada, Matt O'Riley, Anthony Ralston and Reo Hatate in recent months.
"Since the opening of the transfer window in June 2023, and up to the end of the winter transfer window which closed on 1st February 2024, we have committed £23.9m in player investment.
"Within this we renewed and extended the contracts of Cameron Carter-Vickers, Liel Abada, Matt O'Riley, Anthony Ralston and Reo Hatate.
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