They have but they can't fish in the same markets any more, they need players ready for the Prem, whereas, they made a fortune by buying players from lesser leagues and flogging them for huge sums.
The new work permit rules have knackered them too as it's unlikely players like Benrahma would get a work permit as he was playing in Ligue 2 so wouldn't qualify.
They're in an awkward position, but their transfer strategy is undoubtedly changing and who knows whether it will be as successful.
Losing Eriksen is a hammer blow too and they have to be amongst the favourites to go down