By Manchester correspondent Alex Stevens

Manchester United could spend another £200million on new players next year as transfer chief Ed Woodward vowed the big spending will continue.

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United have spent more than £260million on signings since Louis van Gaal took over as manager in July 2014.

Anthony Martial, who moved to Old Trafford for £40million in a deal that could rise to £58million, was the headline signing this summer as he joined Bastian Schweinsteiger, Memphis Depay and Morgan Schneiderlin as expensive new recruits following the captures of the likes of Angel di Maria, Luke Shaw, Daley Blind and Ander Herrera a year earlier.

Executive vice-chairman Woodward painted a rosy picture of United’s finances as he addressed supporters in a meeting at Old Trafford.

He told a Fans Forum that the club would “continue to look to strengthen the squad and to reward young talent”, citing the elevation to the first-team squad of Brazilian teenager Andreas Pereira as evidence of the club’s faith in youth.

Big spender: Louis van Gaal will be handed further funds to strengthen his squas

Big spender: Louis van Gaal will be handed further funds to strengthen his squad

Football Insider sources have learned that funds will be available for Van Gaal to refurbish his squad in January while the manager will also be backed to the hilt in the market next summer.

The exact kitty available to Van Gaal will be dependent upon United qualifying for next season’s Champions League, with the figure set to rise from around £165million to £200million if they finish in the top four. The possibility is that United transfer spending could reach record levels.

Woodward is confident that United’s revenues will break the £500million barrier this season as the club benefit from the £75million-a-year kit manufacturer deal with Adidas, hailed by United as “the largest kit manufacture deal in sport”.