Chelsea have only signed N'Golo Kante and Michy Batshuayi this summer and Conte has admitted that he is desperate to bring in new players, especially in defence.
And the Italian believes that a lack of signings could mean that Chelsea will struggle to keep up with their big-spending rivals.
"I must be honest - I think we'll have a problem to reach our target," the Italian said.
"But we must think to work, to improve every day.
"Also, I hope, with this transfer market, to improve the squad, to improve the team with some new players. But we understand that our targets are very difficult to reach.
"We know that Chelsea is a great team and a great team must fight until the end for the title. But also we know that last season the players were 10th".
Where do you think Chelsea need to strengthen?