The France international is expected to seal a £9.5 million move this week and the Scot feels this could be the last of the arrivals at Villa Park this summer following the acquisition of goalkeeper Shay Given from Manchester City earlier this month.
“You can never say never but at the moment if we get N’Zogbia, which is looking good, then it’s unlikely we will do anything unless there’s more trading with the players we already have in the squad,” McLeish explained.
“At the moment we don’t plan to do any more business, I believe we’ve got some great young players and we’ve got one or two sleepers in there that could emerge.
“I know Ashley Young’s boots are big ones to fill but there are one or two players that could emerge as a result of Ashley leaving the club.”
McLeish has suggested the club may be looking for good value transfers ahead of the Fifa financial fair-play regulations which are set to be implemented in 2013.
He added: “We’re watching the wages don’t spiral out of control. Even bringing in free transfers, everybody thinks they don’t cost you anything but they could be 50-60 grand a week in wages and it just escalates the wage bill out of all proportion.
“Randy Lerner has already stated that he wants to keep it tighter and work within a means and that’s normal, especially with 2013 coming up, and I believe a lot of clubs will follow suit.
“We have a good squad, I have to pay respect to the lads that are already there, they’re on big wages and I can’t just discard them.”
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Charles N’Zogbia set to be last Aston Villa signing of the summer – Alex McLeish