Swansea City chairman Huw Jenkins has rebuffed suggestions that he and the board have fallen out with manager Michael Laudrup over transfers.

There had been suggestions that Laudrup was considering leaving the club due to disagreements regarding the club's transfer policy and availability of funds.

Following the speculation, Jenkins has been swift to state that the club hierarchy are all working together to bring in the right players to the Liberty Stadium.

"Myself, the manager and our recruitment staff are all agreed on the quality of players we would like to sign to help us remain competitive in the Barclays Premier League," Jenkins told the club's official website. "We are continuing to work behind the scenes, in private wherever and whenever we can, to strengthen our squad.

"For that reason it's disappointing that I have to respond to the speculation of unrest at the club after the fantastic season we have had. There are substantial funds available to strengthen our squad over the summer while we are also in the privileged position, because of the way we've managed our finances over the years, that we do not need to sell anyone to fund those new recruits.

"It goes without saying that some of our targets will sign for other clubs for different reasons. But that's the same for every club. The important thing, and a factor that has always been vitally important for us, is that we sign players who want to play for Swansea City for footballing reasons. If not, then we move on to the next target."

The Swans have secured their first target of the season in the form of Real Betis midfielder Jose Canas on a pre-contract agreement.