What a tiny budget!
This is gonna be a tough season. I'd recommend signing Bogdan Stancu - he's a Romanian FC and if he's not already moved somewhere, he should be available for around £200,000.
Then I recommend you take a look on the transfer list, quite often squad players at clubs like AC Milan, Barcelona, Chelsea etc will be listed (usually Jankulovski in my games) and you can always bring some fringe players from these teams in on loan. Also, check the players who are out of contract - you can occasionally bring in one or two of these.
Report back if you find any players on the transfer list and I'll let you know if they're worth signing or not.
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