No - I don't see any reason why clubs can't sign players to contacts as normal (unless under a transfer embargo), and many clubs have announced signings of both current and new players.
There is an onus on clubs to have their overall budget approved by the FAI, and hence clubs may be waiting for clarificatiion on a number of issues. It would be fool-hardy, but hardly unusual in LoI, for clubs to finalise and allocate the full budget without having FAI budget ratification, and clarification on issues like the new Salary Cap Protocol. In any case, budget figures mentioned by clubs in media interviews etc should always be taken with a pinch of salt, as these figures tend to be aspirational rather then automatically a reality
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