Premier League clubs spent just £96.2 million on new signings during the January window – the lowest winter spending in three years.
This comes after the Premier League’s Profit and Sustainability Rules (PSR) reduced clubs’ spending power.
The window closed at 11 p.m. on Thursday, February 1, 2024, in England.
The outlay represents an eightfold decline from last year when Premier League clubs spent a record-breaking £780 million during the window.
Only Aston Villa generated cash from player sales for disclosed fees, offloading Finn Azaz to Middlesbrough for £2 million.
Eight clubs signed players for disclosed fees, with Crystal Palace splashing a league-topping £30.5 million on Blackburn midfielder Adam Wharton (£22 million) and Genk right-back Daniel Munoz (£8.5 million).
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Tottenham spent £26.7 million on Genoa centre-back Radu Dragusin, while Manchester City (£12.5 million), Aston Villa (£9.3 million), Brighton (£7.9 million), Nottingham Forest (£5 million), Brentford (£2.6 million), and Luton (£1.7 million) also recruited players for registered fees.
Dragusin was the most expensive player in the window, followed by Wharton and new Manchester City prospect Claudio Echeverri (£12.5 million), Sky Sports reported.
Munoz, Morgan Rogers (Aston Villa from Middlesbrough for £8.5 million), Valentin Barco (Brighton from Boca Juniors for £7.9 million), Matz Sels (Nottingham Forest from Strasbourg for £5 million), Hakon Valdimarsson (Brentford from Elfsborg for £2.6 million), Daiki Hashioka (Luton from Sint-Truidense for £1.7 million), and Joe Gauci (Aston Villa from Adelaide United for £1.3 million) also moved to the Premier League for disclosed fees.
In total, there were 43 signings for fees, on loans or as free agents.
Headline incoming loan deals included Kalvin Phillips (Manchester City to West Ham), Armando Broja (Chelsea to Fulham), Sergio Reguilon (Tottenham to Brentford), Timo Werner (RB Leipzig to Tottenham), and Ben Brereton Diaz (Villarreal to Sheffield United).
Burnley signed three players on loan, while Brentford, Sheffield United, and Nottingham Forest drafted two on short-term deals, with another four clubs signing one player.
In terms of undisclosed fees, Brighton signed five players, Burnley drafted three, Aston Villa and Luton signed two, and another five clubs recruited one.
Teams were far busier cutting their rosters with 150 players leaving for pastures new, of which 121 left on loan – either on a temporary basis or with an option to make the move permanent.
Manchester United offloaded a league-topping 12 players on loan deals, including the likes of Jadon Sancho, Donny van de Beek, and Hannibal, while Wolves (10), Liverpool and Burnley (nine each) also sanctioned numerous loan departures.
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