Chelsea’s January 2023 deadline-day capture of 22-year-old Enzo Fernandez for £107m smashed the British transfer record – previously the £100m Manchester City paid for Jack Grealish in 2021

Has the Premier League spending bubble burst?

The past three transfer windows – January 2023 and the summers of 2022 and 2023 – have each set new Premier League spending records, with £100m players being traded and Chelsea dominating the headlines.


But with one week to go until transfer deadline day on Thursday, 1 February, just 11 players have been signed by Premier League clubs, while disclosed fees amount to£45.4m.

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At the same stage of the winter transfer window in 2023, there had been 26 signings made by Premier League clubs, of which 21 deals were permanent.

Of the fees that were disclosed, top-flight clubs spent at leas t£352.2m, before add-ons, by this stage last year, with seven days to go.