Fulham will be free to sign players during the summer after the club announced their transfer embargo has been lifted by the Football League.

In December, the Sky Bet Championship club had seen the sanctions imposed after exceeding Financial Fair Play limits of permitted maximum losses of £6million for a season in their latest financial results.

The Football Association said at the time that the Cottagers “will have the opportunity to have their FFP embargo lifted at the end of the season” should they stay “within the maximum permitted deviation of £13m (£5m loss plus £8m shareholder investment) for the 2015-16 season.”

A club statement read: “Following confirmation from the Football League, this afternoon Fulham FC announced that its transfer embargo has officially been lifted, and that it is free to trade over the summer months.

“Fulham faced a ban during the previous January window, however it was still possible to trade within the set FFP limits, which saw a number of players join the club.

“The embargo arose as the club made an adjusted loss greater than the #6m limit allowed by the Football League in the year following relegation.

“With the embargo now lifted, the club will continue to pursue its targets in an effort to ensure it has a squad capable of competing successfully in the 2016-17 Sky Bet Championship campaign.”

Fulham, who were relegated from the Barclays Premier League at the end of the 2013-14 campaign, finished 20th in the Championship under head coach Slavisa Jokanovic.