Newcastle’s sole recruit was Queens Park Rangers striker Loic Remy, who moved to St James’ Park on a season-long loan from the west London side.
Pardew did manage to successfully fend off interest in the club’s talismanic midfielder Yohan Cabaye after the Magpies rejected a bid from Arsenal in August.
Newcastle sporting director Joe Kinnear was brought in June to help the Magpies in the transfer market, but Pardew revealed the club were unable to identify suitable targets
within their budget.
“We are delighted to have brought Loïc Remy to the club in this window and we believe he will form an exciting and effective partnership with Papiss Cisse,” Pardew told Newcastle’s website.
“Joe [Kinnear] has worked hard on numerous targets, particularly an additional offensive player. However some of the options that were available within our financial means were not as good as the players we already had.
“There is no point bringing in new players unless they can improve us and take us forward.
“We did the majority of our business in the January window, signing five excellent first team players. With the strong squad we have we should all approach the season in a positive, optimistic frame of mind.”