Leonardo Jardim believes Monaco's march to the Champions League quarter-finals is proof that clubs do not have to splash the cash in order to achieve European success. Four years have passed since Dmitry Rybolovlev's takeover prompted a slew of big-name arrivals at the Stade Louis II, with the likes of Radamel Falcao, James Rodriguez and Joao Moutinho signed for hefty transfer fees. But the Russian billionaire has tightened the purse strings in recent seasons and, with most of Monaco's expensive signings subsequently moving on, Jardim has been forced to nurture young talent after finding his options in the transfer market somewhat restricted. Leonardo Jardim says Monaco's performance in the Champions League shows you don't need to buy big . Monaco's new-found financial prudence is beginning to yield results, however, with Les Rouges et Blancs third in Ligue 1 and still in with a chance of qualifying for the semi-finals of European football's premier club competition for the first time in 11 years. The principality club host Juventus at the Stade Louis II on Wednesday looking to overturn a 1-0 deficit from the quarter-final first leg and Jardim, who replaced Claudio Ranieri last June, is proud of what he has achieved in his 10 months at the helm. 'We went from the worst qualified team in the fourth pot, to winning the group, to knocking out a European giant in Arsenal (in the last 16),' he told BeIN Sports' The Ligue 1 Show. 'Right now, you could say that Monaco's coach is very proud of his players. We've shown that we don't need to make big investments to go far in this competition. The days of the French club signing big names like James Rodriguez (left) and Radamel Falcao are over . 'The club changed its strategy and the project (in the summer). They have stayed ambitious but the onus was placed more on the development of young players.' Jardim's young guns will have to be on top form if they are to advance to the semi-finals past a Juventus side 15 points clear at the top of the Serie A standings and well poised after Arturo Vidal's spot-kick winner in Turin last Tuesday. Juve are bidding to reach their first Champions League semi-final for 12 years and boss Massimiliano Allegri is taking nothing for granted ahead of Wednesday's encounter. Arturo Vidal (left) scored the only goal from the penalty spot to put Juventus in the ascendency . Luca Marrone (from left), Giorgio Chiellini and Andrea Barzagli take part in a training session . 'The clean sheet at home gives us a slight advantage, even though it won't be straightforward,' he told his club's official website. 'We now know our opposition: they're very well organised in defence and possess technique and physicality in forward areas. 'I'm optimistic, even though we know we'll have to put in a good performance and score to reach the next round. They're a complicated side to play against. Monaco don't give you an inch out there.' Monaco will be without striker Lacina Traore and midfielder Tiemoue Bakayoko, who are both nursing leg injuries. Juventus are without midfielder Paul Pogba (hamstring) and defender Martin Caceres (ankle). Juventus' coach Massimiliano Allegri (centre) knows his side need to be wary over the French side . Andrea Pirlo (centre left) leads some of his team-mates on a jog during the training session . Carlos Tevez has been in fine form for the Italian side and will need to be at the top of his game on Wednesday .
Leonardo Jardim says Monaco prove you don't need to splash the cash .
The French side face Juventus in the Champions League quarter-finals .
The days of Monaco spending big on players like Radamel Falcao are over .