"It is now a size that we feel is appropriate for the remainder of the season"
Kieran McKenna said the focus was on stability and consistency in terms of the transfer business done by the Club in the January window.
After signing 19 players before the start of the 2021/22 campaign, last month's window was quieter with two loan arrivals as well as the permanent capture of Christian Walton, who had been on loan at Portman Road from Brighton & Hove Albion.
Tyreeq Bakinson joined the Blues on loan from Bristol City, with Dominic Thompson agreeing a half-season loan from Brentford, in what were the Club's two new arrivals.
The Club also secured the services of Macauley Bonne for the remainder of the season, after it had been speculated that he may return to parent club QPR prematurely.
"There was a lot of change in the summer," Kieran told the Club website.
"We felt that what the Club needed was a bit of stability and consistency, because of the big turnover in the last transfer window, and then a turnover in management and coaching staff as well.
"We are of course delighted with the loan signings, though, and the fact we were able to secure Christian on a permanent basis. It was also confirmed that we would have Macauley with us for the whole of the season, which is a positive for everyone. We feel that we have added some depth in the positions we needed a bit of cover, but we have trimmed the squad down a bit. It is now a size that we feel is appropriate for the remainder of the season.
"Our main aim is to be successful, but we also want to foster a good group dynamic and spirit, and a competitiveness where everyone feels like they have a chance to play if they perform well in training and when they get a chance in games.
"We feel comfortable with where the numbers are at and where we are at in terms of depth and quality.
"The Club wants to move forward and the transfer window will be important again in the summer. The most important thing right now is that we have a strong squad and we feel ready for the games coming up. We certainly feel that is the case."