So far the Sky Blues have not spent a penny but have sold Scott Dann plus, Robbie Simpson and the contracts of Guillaume Beuzelin, Michael Mifsud and Andy Marshall have ended.
"We have lost Scott Dann, who was our captain, and Robbie Simpson and I am meeting with the chairman and Sisu this week to see where we are going to go now and what we are going to do in terms of investment," said Coleman to the CT.
"We don't want to sell any of our best players but the problem is when a Premier League club comes in.
"Agents being agents, they will tell a player what they can command in the Premier League and Scott could command five or six times more than he was on with us.
"If he has got the chance of playing at that level and if he wants to leave then we have got to get the best deal we can for Coventry City. And we got a good deal, to be fair.
"So I am speaking with Sisu this week to see what and where we are going to invest.
"The market being as it is, and football being football, there is a lot of talk about Keiren Westwood and Danny Fox and if the same happens with those two and we get a whacking load of money it is a question of what we do with it.
"Are we a selling club or a buying club? We want to build. "That doesn't mean that we have to go out and spend £10 million, but what it does mean is that we need to bring in some quality on top of what we have already got.
"I have had good conversations with the chairman, with whom I have got a great relationship, and we will meet this week to try to speak with everyone to say, 'Right, where are we going to go with it?'
"When I arrived we had a squad of 34 players. "Now we have got 21, so I knew it wasn't a case of coming in and signing loads of players on top of the squad of 34.
"I knew I had to get players off the budget before we could reinvest. "We have got a lot of money off the wage bill and now we have to see where we are going to go."