The cashed up Panthers are set to go after a host of rival NRL stars this off-season with $600,000 in their salary cap, the most of any Sydney club, according to The Daily Telegraph.
The club will likely pursue a five-eighth, centre or front-rower and are monitoring players who are off-contract, disgruntled or homesick.
Ryan Matterson is one name that is likely to be on the move and could be Penrith-bound.
It comes after Penrith have moved on seven stars over the past year in Reagan Campbell-Gillard, James Maloney, Dallin Watene-Zelezniak, Wayde Egan, Corey Harawira-Naera, Waqa Blake and Christian Crichton.
An NRL recruitment manager told The Daily Telegraph: “$600,000 is a lot to have” at this time of year."
A source close to the Panthers added: “There will be clubs that have salary cap issues so Penrith will wait and see what lands. Penrith has a few dollars in the bank.
“The club will wait until November 1 and see what comes on the market.
“It is now just a matter of wait and see. The club isn’t in a rush but if they find someone that suits, then okay. The club certainly has plenty of flexibility in their salary cap so let’s see what happens in November.”
The Panthers have denied they are interested in Sydney's Jared Waerea-Hargreaves and have cooled on Melbourne's Christian Welch after his knee injury.
“But there is only so long you can hold onto the money,” one NRL coach said.