City have signed Raheem Sterling, Fabian Delph and Patrick Roberts this summer as they look to boost their stocks ahead of the new campaign after enduring a disappointing 2014/15 season which saw them fail to defend their Premier League title.
While the new recruits are sure to strengthen City's squad, Toure knows that there is a lot of work still to be done if the Citizens are to reach the level of the La Liga duo of Barcelona and Real Madrid, with world class additions hard to find – especially if a club isn't winning titles.
"I think the target of the club is to reach that kind of level," he told reporters on Thursday. "Madrid level, Barcelona level. The manager as well, the club, the chairman are working very hard. At the moment the market is not so easy.
"We are looking from far, how many outgoings, how clubs are selling those players. The most important thing is the players staying at the club as well, trying to improve, try to do their best.
"If we are doing well, some good players are going to come. The difference between Madrid and Barcelona is trophies and quality of player as well."
While Toure feels that it will take a lot of hard work before City can start being compared to their Spanish rivals, he believes that winning trophies will certainly help their cause.
"Here we are a young team and we have a couple of young players coming through and what we have to do is continue to work hard," he said. "We believe in the chairman, that he can do something to bring quality players into the squad to try to make the squad better.
"This year is going to be a massive challenge for us, for the manager and we need to bounce back and support our fans because they have supported us through the years. For us its most important that we have to do well this year and try to make them proud."