"I've been to France twice in a week and then to Sweden to see a player to assess his ability.
"Whether it comes to fruition or not I don't know.
"But the crux of the matter is to improve the team, because there are lots of players swilling around who won't.
"I'd rather hold on to the money until we can improve.
"As for Paolo, you could see the way he attacked the Bishop's Stortford game that he is really enjoying himself.
"He was full of tricks, full of flicks, but also played the nice simple passes as well as all great players do.
"He is not all just about a body swerve and a dummy."
The pair have had a meeting about the way forward after reports that he was unhappy, and Glenn says: "We had a chat and I liked what he said and he liked what I said.
"It is just the media trying to drive a wedge between us, but I just want to get on with enjoying this job - and he wants to get on with doing the business on the field."
And, commenting on rumours of a Trevor Sinclair-for-Ray Parlour swap with Arsenal, he insists: "I wouldn't entertain such an idea.
"We seem to be an easy target at the moment, with all sorts of players being linked - but most of them are wrong."
And he says there are no problems with him and Bobby Robson despite the leak of Newcastle's bid for Trevor Sinclair, adding: "Thankfully we are two sensible people, and we have spoken on the phone to put the matter to rest.
"We have shaken hands at 300 miles apart, as it were."