The Citizens had to settle for third in the Premier League after failing to launch a serious title challenge and their Champions League hopes ended at the last-16 stage.
Asked about extra pressure, he added: "It's the same pressure as I had last season". "We are here to win the games and titles". People say in [the] first press conference we are favourites. We have to deal with that and handle that.
Defenders Benjamin Mendy, Kyle Walker and Danilo have all arrived at the Etihad Stadium along with goalkeeper Ederson and midfielder Bernardo Silva to take City's expenditure to £217 million ($281 million, 238 million euros).
Guardiola said the current spike in football transfer spending, which culminated in Neymar's recent world record move from Barcelona to Paris Saint-Germain for 222 million euros (£200 million, $260 million), had been building for some time. We are going to see at the end of the season what happens.
The City boss says that transfer fees can not continue to grow at the current case and expects them to level off at some point.
Experts are concerned on two fronts - one is that the Premier League will turn into a rich, closed shop (in the last three seasons, four of the top spenders have finished in the top six) and secondly that Championship clubs are increasingly entering into huge debt in a "gamble" to reach the Premier League riches.
"I think it is unsustainable".
With the start of the new English Premier League season this weekend, every one of the 20 teams including the newly promoted sides (Newcastle, Brighton and Huddersfield) would have set a target for the upcoming season.
Arsene Wenger brokered a fragile truce with Arsenal's dissenting fans by winning the FA Cup last season, but the Gunners boss has no margin for error after going 13 years without Premier League glory. "We needed to do that because four or five players were out of contract. Sooner or later it's going to finish", he said. But we can not forget that when we do something better than last season it's because we've been one year together. We will change one important player, it depends on who we are going to stay.