Sergio Pellicer's side get their league campaign under way in Tenerife on Sunday but the club is facing a race against the clock to be able to put an eligible side together in time.
Malaga's judicial administrator, José María Muñoz, provided a reassuring update during a press conference at La Rosaleda on Wednesday. As Diario SUR reported on Monday, Muñoz said that all seven new signings (Orlando Sá, Cristian Rodríguez, Iván Calero, Alberto Escassi, Dani Barrio, Yanis Rahmani and forward Caye Quintana who joined on loan from Cadiz this week) will be registered in time for the game. They will be joined by the 12 other professionals that the club included in its ERE mass redundancy plan who are yet to move on.
This 12 does not include club captain Adrián, who has now joined Real Zaragoza after an agreement for the termination of his contract was agreed. Nor does it include goalkeeper Munir or full-back Juankar, who have joined Turkish side Hatayspor and Greek outfit Panathinaikos, respectively.
Defender Diego González is also highly unlikely to feature with a move to Cadiz on the cards.
In contrast, Albanian midfielder Keidi Bare could be in the squad despite looking almost certain to complete a move to Espanyol. That transfer has not yet materialised and it appears that all interest in Keidi has now cooled for the timebeing.
Two million to build a squad
Responding to questions (and criticism from the Association of Minority Shareholders and ousted president Sheikh Abdullah Al-Thani) about the redundancy plan and the project to overhaul the squad almost in its entirety, Muñoz defended his plan: "If we don't take drastic action to cut the wage bill, next year we'll be playing in Segunda B."
Despite breaching salary cap regulations last season, Malaga were let off the hook because they had played in La Liga in three of the previous five seasons. Now, without that luxury, the club could be punished with relegation if the books aren't balanced by the end of the transfer window on 5 October.
"If I withdraw the ERE and keep the current squad, Malaga, possibly in October, would be bankrupt, and in November in liquidation. And once in liquidation, either all creditors are satisfied, or the club is dissolved," Muñoz warned.
Muñoz then explained that the squad would have to be completed with an outlay of less than two million euros.