Rovers have two weeks in which to meet their June 30 deadline for submitting their accounts with Companies House for the 2019/20 season amid the prospect of being hit with an extended transfer embargo.

The club were named as one of 10 second tier clubs to have been placed under an embargo in March, and responded by stating their accounts for the year to June 30 2020 were currently under review by the EFL. Rovers added their Profit & Sustainability submissions for the current year were also with the league, and stated their accounts would be filed by June 30.

The Government agreed to a three-month extension to accounts’ deadlines, previously March 31, as part of the coronavirus pandemic, and it has been thought for a long time that Rovers would be sailing close to any spending limits.

Two months have now passed since Rovers' 65-word response to the Daily Mail story, and while Venky’s London Limited Posted their accounts for the year to March 30, showing losses of almost £21m, there has been no sign for the club accounts, with the June 30 deadline looming.

For Rovers, their ability to be embargo free could well depend on the prospective sale of Adam Armstrong, and indeed, any transfer business this summer is expected to revolve around the striker's futures.

He has been linked with a host of Premier League clubs after hitting 29 goals last season.

While the club are yet to receive any bids for the 24-year-old, interest is high, though suitors appear more willing to pay closer to £15m than the £20m Rovers would ideally want.

With the player into the final year of his deal, and Newcastle United due a 40 per cent slice of the profit on the £1.75m deal that took Armstrong to Ewood Park in 2018, Rovers’ bargaining power isn’t as strong as they would hope.

Should that asking price fall, then bids would be expected to soon follow, West Ham United holding the longest term interest, Fulham also in the running amid uncertainty over striker Aleksandar Mitrovic, with Norwich City and Southampton also linked.

Rovers are yet to sign a player this summer, the transfer window having opened on June 9, although they are far from alone with a quiet start for a majority of second-tier clubs, many who are looking to cut back their spending after the financial impact of the coronavirus pandemic which hit revenue streams hard.

That has offered few answers as to which clubs remain under any restrictions, with the EFL not confirming the identity of any clubs currently working under an embargo.

Rovers made a cash signing in each of the two windows last season, bringing in Thomas Kaminski from KAA Gent for around £450,000 last summer and Harry Pickering for a fee in the region of £600,000 from Crewe Alexandra in January who he was later loaned back to.

Any club placed under an embargo would not be permitted to make cash signings, while deals for incoming players, either on free transfers or loan deals, must receive EFL approval.

It is understood that Rovers have held talks with at least one prospective free transfer signing, as well as making loan enquiries, Liverpool's Leighton Clarkson reported to be one, as recruitment work continues behind the scenes.

Manager Tony Mowbray has already suggested any sale of Armstrong would likely impact on his budget for the 2021/22, though the Rovers wage budget was eased by around £50,000 a week following the departures of Charlie Mulgrew, Amari’i Bell, Corry Evans, Stewart Downing and Lewis Holtby, and the five loan players previously on the club’s books.

They did agree terms with Bradley Johnson who extended his stay by a further 12 months, but Elliott Bennett and Harry Chapman will both be out of contract by the end of this month if they don’t agree extensions.

That would leave several holes in the squad which need to be filled, most notably in central midfield, with four senior options departing since the end of last season, though there is the likelihood of carrying a smaller squad next term.

The club also banked £500,000 after David Raya won promotion to the Premier League with Brentford, having received an initial £3m from the Bees when he was sold in 2019. He remains the only seven-figure transfer sum received by Rovers during Mowbray’s time in charge.

Rovers were previously hit by an embargo in 2014/15 after breaching FFP spending.

Then, the club could have up to 24 ‘established players’ – those over 21 with five senior starts to their name.

At the time of the previous embargo, loan deals and free transfers could still be made if spending didn’t exceed £600,000 per year, and once at the figure of 24, players could be traded in and out, so long as those coming in didn’t exceed 75 per cent of the wages paid to the outgoing player.

Rovers had their embargo lifted in December 2015, 12 months after it was imposed, aided by the sale of Rudy Gestede in that summer for £6m, while Jordan Rhodes moved to Middlesbrough in February 2016 in a further boost to club coffers.

The club are expected to announce season ticket details this week as part of the return of fans to Ewood Park, with the 2021/22 campaign set to get under way on August 7.