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Fulham will keep faith with head coach Scott Parker and back him with a significant transfer budget as they prepare to return to the top flight next season, according to Sky Sports.

The Whites were relegated from the Premier League for the second time in three years after losing 2-0 to Burnley on Monday evening. The club will begin an interval review to identify room for improvement following their disappointing campaign but they don’t intend to look elsewhere for a new manager, believing that Parker – who guided Fulham to promotion via the Championship play-offs in his first full season in management – is the best man to help them bounce back.

Fulham are keen to keep their permanent signings from earlier in the season – such as Tosin Adarabioyo, Antonee Robinson and Kenny Tete – and can count on a large number of the side who beat Brentford at Wembley in August. Senior club figures feel there will be no need for a post-relegation fire sale after relegation wage cuts were included in all new contracts. Fulham are also currently searching for a new director of scouting following the departure of Javier Perreira earlier this year.

An emotional Parker told Sky Sports after the defeat by Burnley: “I’m hurt, I’m gutted. This has been looming over us, we’ve flirted with it for a long time, there are no words that I can say other than I am gutted we have not been successful this year. Staying in this division was a success for us, we knew it was always going to be a challenge, but it is bitterly disappointing not to do that.

“We’re on a rollercoaster – relegation, promotion, relegation – now is not the time to talk about it, but we certainly need to make some big decisions, we need to understand what we need to do and where we need to improve, and transfers are definitely going to be an area we look at.”