With the transfer deadline looming on March 28, Glenn does not see himself making any purchases to add to last week's capture of young goalkeeper David Forde from Welsh outfit Barry Town.
"We are very pleased to have secured David Forde's services and we have to give him a period of time to settle down.
"He impressed in the ten day trial he had a couple of weeks ago and he is grateful for the opportunity and wants to take it with both hands.
"I can see him making his debut in the reserves against Arsenal at Upton Park next Tuesday."
As for other possible incomings, he insists: "There is nothing at all to say - I'm sure we won't be spending any more money this year.
"The transfer kitty, if you want, has been used up, but you always keep your options open as far as loans are concerned."
Major sales appear unlikely at this stage, too, but it is clear that there will be quite a turnover of players in the summer with so many contracts expiring.
"I don't really want to be drawn into any of the players whose contracts are up," says Glenn.
"It is not the right time to be discussing what they will be doing."
The most high profile player to be out of contract is Shaka Hislop, but Glenn says: "It is not only Shaka, it is other players as well, and those decisions haven't been made yet.
"It is too early in the season to be discussing those sort of things.
"But we wanted to give David Forde an opportunity at this level, and hopefully he will be able to take it."
Glenn dismisses reports that Sebastien Schemmel is a target for Rangers, and says the story is a fabrication.
"It came from a website," he explains. "There are so many of them that have to fill their screens and find stuff to write about, but where they originate from I don't know.
"We are all very pleased with Sebastien Schemmel and I would have thought for the money we have paid for him, which was less than half a million, his price has probably quadrupled in value - not that we are interested in selling anyway.
"The fans like how hard he works up and down that right hand side but it is a shame he got that booking so late on Saturday, which means he faces a one match ban."
Meanwhile, the Southampton reserve fixture postponed from Monday night will now be played on 29th April.