One spot remains on Melbourne Victory's list for the upcoming season - but fans should not expect any more transfer fireworks given the scale of the club's spending and recruitment in the off season.

Kevin Muscat has the choice of promoting a young player from within the club's youth ranks or looking further afield to fill the 25th spot on the roster.

Victory coach Kevin Muscat. Credit:AAP

It is doubtful any club has recruited more high-level foreigners in one off season than Victory this year, with two players - Ola Toivonen and Keisuke Honda who scored in this year's World Cup (for Sweden and Japan respectively) the headliners.

Whichever way Muscat turns, it is unlikely that the final part of the squad jigsaw will be an expensive acquistion or see much game time, at least in the early months of the campaign.