Rovers will ‘look at every option available’ in a bid to strengthen their squad this summer, according to Chief Executive Steve Waggott.

Boss Tony Mowbray and Waggott will head to India next week to meet owners Venky’s to discuss Rovers’ plans for life back in the Championship.

Mowbray received the financial backing from the owners last season, spending over £1.5m to bring in the likes of Bradley Dack, Dominic Samuel and Amari’i Bell across the two transfer windows.

Rovers were yesterday linked with a move for Hibs midfielder Dylan McGeouch, though it is understood the 25-year-old Scotland international is not a player currently on the radar.

When asked if Rovers would need to increase their spending on players next year, Waggott said: “Possibly, it depends on who is on the market.

“We already have targets and we’re going to have to look at every option available for what Tony feels will strengthen the squad.

“The discussions have started on how the squad will shape up for next season. The better players do cost money so we will be in the mix but have to be smart as well.”

Rovers have four players out of contract this summer, with defender Elliott Ward and winger Liam Feeney, who have been on loan at MK Dons and Cardiff City respectively, are set to leave the club.

They are in talks with Danny Graham and Craig Conway over new deals to extend their stays at Ewood Park while the four loanees previously on the books have since returned to their parent clubs.

Rovers will again be governed by Financial Fair Play (FFP) next season and will need to factor in the increase in wages of the players who took salary cuts following relegation to League One.

And Waggott added: “Quite a few players have clauses in their contracts which after promotion they revert back to the higher level.

“That’s the norm in football. We have to balance that off with players leaving and then with players coming in we have to stick firmly in line with the guidelines of FFP.”

But as well as bringing in players, Waggott is keen to see the Rovers Academy continue to flourish.

Damien Johnson’s youngsters won the Premier League 2 Division Two title and lost just twice in the league all season.

A number of that squad, including the likes of Lewis Travis and Joe Nuttall, were given opportunities in the first team as well as being handed long-term deals.

And Waggott added: “I’m a big ambassador for strong academies and producing good local players and young players coming through.

“To have a Category One Academy in League One is an amazing commitment by the owners.

“The way the Academy has developed this season, they are developing that production line.

“Tony Mowbray is willing to put them in, quite a few have been blooded this season and hopefully that will continue.

“Obviously the Championship is a different challenge again, so we have to think through that, but it’s been a big success and fair play to the owners for their commitment, nearly £3m for a Category One academy.”