Werder Bremen could be forced to lower the wage bill once again in the summer as they prepare to announce losses for the financial year.
The club's accounting position will be confirmed soon, but 2012 has been a second consecutive year of losses, according to the club's managing director Klaus Fibry.
"We are not going to post positive results this year either," he said to the Bild newspaper. "But the losses are not going to be as high as last year."
A loss of 13.9 million euros was made in 2011, due in part to the club's failure to qualify for European competition.
They are looking likely to miss out on European football for a third straight season, and after losing the likes of Claudio Pizzaro, Naldo and Tim Wiese last summer, it looks increasing likely that players such as Marko Arnautovic will leave in the summer.
"The board and the management agree that we have got to continue our course of consolidation in the coming season," said chairman Willi Lemke.
Arnautovic still has over a year left to run on his contract and Bremen turned down a bid, reportedly to have been in the region of eight million euros, for the Austrian striker in January.
A follow-up offer in the summer may tempt the club to sell since that is the amount of money they are expecting to have lost over the course of 2012.