Seven players have already been released due to the club's finances while life in League Two following relegation means the purse strings will have to be tightened even further.
Laws hopes to recruit a few permanent additions but fully recognises that the bulk of his summer dealings will be done in the loan market, a market which does not hot up until the eve of the new season.
"We will definitely be using the loan market, there is no question about that," he told the club's official website. "When we talk about bringing permanent new players in, there might only be two or three. That situation depends on who stays out of those players presently with us who we've offered new deals to.
"The rest, if we do bring any extras in, will be on loan. That's an absolute fact and we'll have to be patient because loan players won't come into the club until the week before the season starts.
"That is because clubs won't let them out until then, because they have to train with their current clubs. Therefore, we can't push too hard.
"However, we have already highlighted a couple of players who we'd like to get on loan. The other clubs are quite keen but in a couple of months' time it might be a different story. We are certainly getting some positive vibes coming back from the parent clubs, though."
Jimmy Ryan, Michael Collins, Tom Newey, Eddie Nolan, Matt Godden and James Severn are being offered new deals by Scunthorpe.
But Laws admitted: "I've got to be honest, I'll put my hand on my heart, I'll be delighted if we got two or three to re-sign but I'm not expecting them all to come through."