Sky Sports understands a number of clubs are tracking highly-rated Carlisle United midfielder Brad Potts.
Sheffield United are planning to send Andy Butler back out on loan after seeing an agreement with Walsall collapse.
Wanderers kick off the new Sky Bet Championship campaign at Watford this Saturday with just two senior strikers on their books in Jermaine Beckford and Craig Davies, the latter having not played for Freedman since January.
The former Crystal Palace manager wants a trio of new attackers, yet insists the tightened purse strings at the Macron Stadium mean he cannot simply sign those who he desires now.
Bolton posted their accounts at the end of December, revealing a £163million debt, and Freedman has worked hard to trim that figure, dispensing of higher earners and utilising the loan market where possible.
"We are a little bit short of numbers. I know what the fans are thinking, but I would like them to understand where we are," said Freedman.
"Cash is not king right now for us; we can't go and bully the market, we need to wait until something goes up.
"We need three attacking options. Cash is king and when you haven't got that you can't dictate the market, therefore I have got to get dictated to.
"So when these players come up for loan, or the price is right, or they need money to buy someone else, then I will get them.
"I am very patient and it's sometimes taken me to the wire in the past and hopefully they (the fans) understand. I'll get the right ones. We work very hard behind the scenes putting together certain ideas to get the right type of players to fit in and when they do they will help us."
Whilst working against those financial restraints, Freedman is adamant he will not simply pick up players just to bolster his attacking ranks.
"The simple facts are we are not awash with money, it's been spent and was unfortunately spent before I got here," he added.
"There is a little bit of money in the pot but not the sort of money where we can go and spend B£5million on a striker - other teams can.
"To explain to the fans I can go out tomorrow morning and sign certain strikers that are in the market or have moved to other clubs in the past week, but I don't think they're the right type of players.
"I believe there is still some quality out there and I will wait until the quality comes available. Sometimes that's a loan, sometimes that's the right price. But they are my targets and I owe it to the football club to get my targets in order."
Bolton's situation has not been helped by other Championship clubs spending unprecedented fees this summer, including the reported eight-figure fee which Fulham paid for Ross McCormack.
"The teams that are coming down have really showed their intent from the beginning," Freedman noted.
"That (McCormack fee) tells us a story and then even (Nottingham) Forest the other day (signing Britt Assombalonga). We're not at that level, financially.
"I've got a responsibility to the football club that we're still here next year and we don't go up and down like yo-yos, and we keep building a team to try and go back up."