The Red Devils were hammered 3-0 by Manchester City on Tuesday night, and have only picked up one point from the matches against Chelsea, Liverpool and the Blues this season.
And former United star Wilkins claims the Scot will have to splash the cash over a number of years before the club can compete again.
“David Moyes had done a magnificent job at Everton, and he was the perfect choice to go in at Old Trafford,“ he told the Alan Brazil Sports Breakfast show.
“It is just very unfortunate that they weren’t active enough in the first transfer window they had. Had they been, we wouldn’t be seeing them in the same sort of problems now.
“David Moyes is still the right man for the job though,” he added. “They just didn’t bring in enough players of the quality that Manchester United need.
“They will have to spend a lot of money over two or three windows. I don’t think there is a quick fix. This is not going to be solved over one window, it’s going to be two or three.
“The United squad has to be revamped.”
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