The 2023-24 summer transfer window has drawn to a close, with some clubs nailing their business while others have fallen well short of the mark as financial regulations heavily influence the Premier League’s spending habits.
Unlike windows of the past, where the Premier League attracted some of the biggest names in Europe, this year has felt a little different, with clubs focused more on ensuring safer financial practice as opposed to nailing their big money signings.
We saw less deals akin to the ones that brought Erling Haaland to Manchester City and Romelu Lukaku to Chelsea in recent seasons, and more like Elliot Anderson’s to Nottingham Forest and Conor Gallagher’s to Atletico Madrid: transfers done to appease accountants more than managers.
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The strict Premier League crackdown on its Profit and Sustainability rules in recent seasons, exemplified by Everton and Forest’s respective points deductions, appear to have frightened clubs.
This was highlighted in the 10 days preceding the June 30 accounting deadline when six clubs – Forest, Newcastle, Chelsea, Everton, Aston Villa and Leicester – sold 15 players for a grand total of £323 million ($631.8 million AUD) in a late attempt to meet PSR requirements.
According to a report from The Athletic, those 15 deals accounted for 16% of the Premier League’s spending this window, with some of those clubs enacting creative accounting to ensure their books comply and a costly points deduction is avoided.
Though this did not slow Premier League spending, with 14 clubs parting with over $150 million on players during the window, but did create a strange spending environment that will surely become a mainstay in the coming seasons.
Changed spending conditions have coincided with changing spending habits, which have been on show throughout the window and go in part to explaining the business of some sides.
The average age of the league’s 10 most expensive signings this season is 23.3 years old, highlighting how clubs are targeting younger players with high potential and resale value, as opposed to proven products in the prime of their careers.
Foxsports.com.au rates every Premier League team’s summer dealings in our Transfer Report Card!
Arsenal
Biggest signing: Riccardo Calafiori ($81.3m from Bologna)
Total spend: $186.5 million (AUD)
Biggest exit: Emile Smith Rowe ($65.8m to Fulham)
Total income: $161.4 million (AUD)
Having finished second last season, Mikel Arteta’s side needed a strong transfer window to strengthen their side and solidify their title push. They did just that.
Riccardo Calafiori arrives after a strong season with Bologna and a good Euros campaign with Italy to strengthen one of Arsenal’s problem areas last season – left back, with the Italian’s ability to seamlessly invert into midfield key to Arteta’s tactical shape. Mikel Merino provides midfield strength, and allows Arsenal to push Declan Rice into a deeper role whenever required, while the move to permanently sign David Raya, and sell Aaron Ramsdale, cleared up one of the biggest clouds over the club’s 2023-24 season.
Raheem Sterling’s deadline day arrival from Chelsea is a great move, providing cover on both wings as well as title-winning experience. If Arteta can get the Englishman to perform at his best, like he did when the pair were at Manchester City, it’ll provide Arsenal with an additional goal scoring threat this season and afford Bukayo Saka a chance to rest his legs after an intense year.
Fighting off interest in Leandro Trossard from the Saudi Pro League is shrewd too given the Belgian’s impact off the bench and versatility, which will come in handy given Gabriel Jesus’ recent injury record.
Crucially in modern football the sales of Emlie Smith-Rowe and Eddie Nketiah, which will appear as pure profit on the club’s books, ensure they remain compliant with the Premier League’s strict PSR rules.
Where some feel Arsenal’s window missed the mark is their failure to bring a world class No.9 in, with Victor Osimhen and Ivan Toney but avoided for various reasons. Arteta has faith in Kai Havertz, who scored eight goals in 13 games as striker last season, with Trossard, Jesus and Sterling as cover.
Grade: B+
Aston Villa
Biggest signing: Amadou Onana ($96.8m from Everton)
Total spend: $295.8 million (AUD)
Biggest exit: Moussa Diaby ($97.7m to Al-Itthad)
Total income: $271.2 million (AUD)
Villa were dealt a massive blow this window in losing Moussa Diaby and Douglas Luiz, two of their strongest performers last season.
The club signed Belgian holding midfielder Amadou Onana from Everton, with the 23-year-old already hitting the ground running by scoring twice in his first three games. Onana adds size, power and strong ball-winning skills to Villa’s midfield, though lacks the passing range and set-piece threat of Luiz.
Not to worry Villa fans, given the club already possesses Youri Tielemans, one of the Premier League’s strongest passers and a set piece specialist to rival the best of them.
Ian Maatsen, who was key in Dortmund’s run to last season’s Champions League final, gives good depth at left back, though there are concerns about the drop off between right back Matty Cash and his understudy, particularly with injuries in central defence not allowing Ezri Konsa to shuffle across.
Diaby’s loss is massive, even if the Frenchman’s performances tailed off at the end of last season, but Unai Emery already has the pieces to compensate for his departure.
Samuel Iling-Junior and Enzo Barenechea, both signed from Juventus as part of the deal to send Luiz the other way, are young and unproven but could become integral cogs in the Villa machine once they return from their respective loans.
Villa haven’t just signed Ross Barkley is an underrated piece of business. The former Chelsea man provides Emery with experience and brilliant midfield cover following an impressive Premier League season with Luton Town.
Omari Kellyman, Tim Iroegbunam and Cameron Archer’s sales will go towards balancing the club’s books, even if the latter was re-signed from Sheffield United before being sold to Southampton, while Philippe Coutinho’s loan move to Vasco da Gama lightens the club’s wage bill.
Grade: B
Bournemouth
Biggest signing: Evanilson ($61.3m from Porto)
Total spend: $172.3 million (AUD)
Biggest exit: Dominic Solanke ($106m to Tottenham Hotspur)
Total income: $110.3 million (AUD)
There was no more important player to Andoni Iraola’s Bournemouth side last season than striker Dominic Solanke, who finished the campaign with 19 goals and three assists.
Brazilian striker Evanilson joins for a club-record fee having scored 13 Portuguese league goals last season for 3rd placed Porto.
An unknown quantity in England, Evanilson has all the makings of a well-rounded striker and joins a side that had more shot creating actions last season than Aston Villa and Crystal Palace, though it will be hard for the striker to have link up play as exceptional as Solanke.
First-choice goalkeeper Neto joins Arsenal on loan, with Kepa arriving from Chelsea to replace the Brazilian, marking a significant downgrade in the club’s goalkeeping ranks. The Spaniard is a gamble for Iraola’s side given his failure to set the Premier League alight, weak shot stopping and shortcomings when competing for crosses.
19-year-old Spanish-Dutch defender Dean Huijsen has all the makings of a serious transfer coup, with multi-Premier League winning manager Jose Mourinho once describing the centre back as “one of the highest-quality prospects in European football at this age level.”
Grade: C-
Brentford
Biggest signing: Igor Thiago ($58m from Club Brugge)
Total spend: $169.5 million (AUD)
Biggest exit: Ivan Toney ($77.4m to Al-Ahli)
Total income: $129.7 million (AUD)
Sometimes a transfer window is less about what you gain and more about what you lose.
In letting Ivan Toney walk, Brentford offloaded a player who evidently did not want to be at the club for some time, at a significant fee that allowed them to invest in the future of their club by bringing several talented youngsters in, such as Fabio Carvalho, Sepp van den Berg and Gustavo Nunes.
Not only does Toney’s transfer have significant financial benefits for the Bees, but it should also create a harmonised Brentford squad this season.
Igor Thiago was signed as Toney’s replacement after 29 goals in the Belgian league last season but is currently sidelined with a knee injury. Bryan Mbeumo and Yoanne Wissa have led Frank’s line brilliantly to begin the season, with the club’s ability to hold on the latter arguably their most important piece of business.
Keep an eye on teenage left back Jayden Meghoma, viewed by many good judges as one of England’s brightest young prospects. Injuries could pave the way for the flyer to break into Thomas Frank’s side at left back at some point this season.
Grade: B
Brighton
Biggest signing: Georginio Rutter ($77.4m from Leeds United)
Total spend: $381.2 million (AUD)
Biggest exit: Deniz Undav ($49.7m to VFB Stuttgart)
Total income: $90.4 million (AUD)
Only Chelsea spent more money than Brighton, which comes as a surprise given the South Coast club’s highly successful ‘moneyball’ style tactics in recent years.
Those tactics are still at play, with the club not splashing huge cash on a big name signing this summer. Instead, they’ve picked up several highly promising footballers who add to 31-year-old coach Fabian Hurzeler’s squad.
Georginio Rutter, Matt O’Riley, Mats Wieffer, Ferdi Kadioglu and Brajan Gruda all have the makings of quintessential Brighton signings and will no doubt be sold for triple their purchase price in 18 months.
Over the opening three games of the season, fresh faced winger Yankuba Minteh has been incredibly impressive, playing with little fear and plenty of creativity and drive, frightening opposition left backs with his relentless attack.
Billy Gilmour’s deadline day move to Napoli weakens the club’s holding midfield stocks, which took a hit earlier in the window with Pascal Gross’ departure to Dortmund. Hurzeler has said as much in recent days, noting the club “don’t have enough players at (No.) six.”
Grade: B
Chelsea
Biggest signing: Pedro Neto ($104.6m from Wolves)
Total spend: $400.6 million (AUD)
Biggest exit: Conor Gallagher ($65.9m to Atletico Madrid)
Total income: $303 million (AUD)
Deep breath in. And another. 11 players arrived at Stamford Bridge over the summer, bloating Enzo Maresca’s first team squad out to a whopping 30, with a further 12 out on loan.
“You want to ask about where Joao Felix is going to play, I’ve got another question – where’s he going to get changed at the training ground?” Sky Sports pundit Jamie Carragher questioned.
“How are all these players in one dressing room? How are you putting on a training session?”
The Conor Gallagher and Raheem Sterling sagas were sour, and typified the current Chelsea regimes cold, and seemingly senseless, approach to business, but the deals to offload Ian Maatsen, Romelu Lukaku, Lewis Hall and Omari Hutchinson were savvy moves that will go towards balancing the club’s books.
In amongst the madness of moving on Sterling and Gallagher, uncertainty around Trevoh Chalobah’s future, the lack of resolution around Ben Chilwell’s situation, and signing three left wingers, there is some small semblance of method.
Chelsea have made their intentions clear with their business; they are backing Maresca in the market and signing players whose profile fits his needs.
There is little risk to the Jadon Sancho deal, while Joao Felix’s signing could be viewed differently if the Portuguese star hits the heights expected of him when he burst onto the scene six years ago.
And yet, despite these faint glimmers of hope there is still the overwhelming sense of restlessness at the Bridge, not only given the way the club has conducted business this summer, and the enormous squad size, but also given the club spent more money than any other Premier League side while failing to address their widely perceived problem area: striker.
Toney and Osimhen were both on the table, though moves for either failed to materialise, with finances key to this. A lack of depth in holding midfield remains a concern for Maresca with Romeo Lavia’s injury history meaning the club are a Moises Caicedo injury away from a near unpluggable hole in their midfield.
Grade: B-
Crystal Palace
Biggest signing: Eddie Nketiah ($48.3m from Arsenal)
Total spend: $130.7 million (AUD)
Biggest exit: Michael Olise ($87m to Bayern Munich)
Total income: $174 million (AUD)
Oliver Glasner’s Crystal Palace shocked the Premier League at the back end of last season, winning six of their last seven from 14th to 10th.
The pre-season expectation was for them to build on this, even with Michael Olise’s big money move to Bayern Munich removing one of the stars of last season from the fold.
Joachim Andersen left for Fulham not long after, and things could’ve gone from bad to worse if Newcastle’s aggressive pursuit of captain Marc Guehi paid off.
It didn’t, and Palace’s defence was stronger for it. Trevoh Chalobah arrived on loan from Chelsea, while the promising French Maxence Lacroix joined from Wolfsburg, further strengthening Glasner’s backline.
Japanese international Daicha Kamada and Senegalese winger Ismaila Sarr strengthen his frontline, so too does the signing of Eddie Nketiah – who just feels like a Crystal Palace player.
While they’re yet to reap the rewards on the field, Palace have had one of the better windows in the Premier League, defined not so much by who they brought in as much as who they didn’t lose – Guehi, Eberechi Eze and Adam Wharton.
Grade: B+
Everton
Biggest signing: Jake O’Brien ($33m from Lyon)
Total spend: $83 million (AUD)
Biggest exit: Amadou Onana ($96.8m to Aston Villa)
Total income: $133.6 million (AUD)
Much like Palace, Everton’s best bit of business in the summer window was not allowing their most important defensive cog to leave the club.
That Jarrad Branthwaite remained at Everton is a massive win for Sean Dyche, even if the defender has missed the opening games of the season through injury.
The 22-year-old was ranked sixth for clearances and seventh for interceptions last season and was a key reason behind Everton keeping 13 clean sheets, second only to Arsenal.
However, the Toffees lost Amadou Onana to Everton, denting their midfield stocks for perhaps the most important Premier League campaign in the club’s recent memory.
Iliman Ndiaye, Jack Harrison and Jesper Lindstrom headline a suite of creative signings that have their work cut out for them in trying to inspire a side that scored just 40 goals last season.
There’s no doubting Everton have made some smart additions. Whether they’ll be what’s needed to keep them away from the relegation fight is a question only time has the answer for.
Grade: D+
Fulham
Biggest signing: Emile Smith Rowe ($65.8m from Arsenal)
Total spend: $173.7 million (AUD)
Biggest exit: Joao Palhinha ($81.9m to Bayern Munich)
Total income: $112.9 million (AUD)
One of the smaller Premier League clubs who executed a smart summer window that leaves their squad stronger this year than when it ended last season.
Of course Joao Palhinha’s departure to Bayern Munich leaves a massive hole in Marco Silva’s midfield – no player made more than his 152 tackles last season. Not signing a replacement may come back to bite them, though Harrison Reed, Sasa Lukic and new signing Sander Berge are more than capable in that role.
At the back Joachim Andersen rejoins from Palace, softening Tosin Adarabioyo’s departure, while Jorge Cuenca offers Silva an additional left footed centre back following Tim Ream’s departure.
In attack, Fulham’s have invested plenty in Emile Smith Rowe, a brilliant attacking talent who’s been stifled by injuries and falling out of Mikel Arteta’s favour in recent years. The winger/attacking midfielder has hit the ground running, scoring in Fulham’s 2-1 win over Leicester City, and could be viewed as a bargain in coming seasons if he can match, or exceed, the 10 goals he scored for the Gunners in 2021-22.
Reiss Nelson provides depth out wide following Willian’s departure for Olympiakos and could potentially push Alex Iwobi into a central midfield role he excelled at for Everton a few seasons ago.
While their business hasn’t set the world alight, it’s quietly done what it’s needed to do: make up for their outgoings and strengthen where possible.
Grade: B-
Ipswich Town
Biggest signing: Omari Hutchinson ($42.6m from Chelsea)
Total spend: $205 million (AUD)
Biggest exit: George Edmundon (loan to Middlesbrough)
Total income: N/A
Only two players contributed more than Omari Hutchinson’s 16 goals in Ipswich’s promotion campaign last season. A deal to bring the England youth international back to the club is massive towards their bid to stay up, with the attacking midfielder showing lots of promise in the season’s opening games.
Jack Clarke, Jacob Greaves and Liam Delap all have the potential to be great signings, especially for the price tag they were collected at, and could all benefit from Kieran McKenna’s brilliant management, while signing last season’s Championship top scorer Sammie Szmodics for just over $17 million is smart business.
This quartet are good enough to cut it in the Premier League, but also have the added benefit that, in the event of relegation, Ipswich can extract a high resale value or utilise their talents to earn promotion back to the top flight.
The deal to bring Kalvin Phillips on loan from Manchester City has rocks or diamonds potential. At his best Phillips is a brilliant defensive midfielder with an exceptional passing range and wonderful ability to bait and beat opposition presses. At his worst he is injury riddled, just ask Manchester City, and error-laden, just ask West Ham.
Ipswich will be praying he’s more of the former, especially considering the 28-year-old’s experience keeping freshly promoted sides in the Premier League.
Grade: C
Leicester City
Biggest signing: Bilal El Khannouss ($38.7m from Genk)
Total spend: $153.2 million (AUD)
Biggest exit: Kiernan Dewsbury-Hall ($58.1m to Chelsea)
Total income: $58.1 million (AUD)
A few seasons ago the Foxes had a reputation as one of the savviest market operators in Europe. Deals for N’Golo Kante, Riyad Mahrez, Youri Tielemans, Wilfred Ndidi, Wesley Fofana and Ricardo Pereira were struck with little interjection from other clubs and to great benefit for Leicester.
Relegation zapped that reputation. And while it will be hard to replicate their previous market success there are at least several positives to take from Leicester’s transfer window.
Bilal El Khannouss arrives from Genk as the Belgian league’s Young Player of the Season and an Olympic Bronze medallist who was involved in nine goals last season. The Moroccan’s stats may fail to flatter, but he’s a highly technical and intelligent footballer who glides across the park and could provide some necessary creative spark.
That creative spark takes on greater importance without Kiernan Dewsbury-Hall, the attacking lynchpin around which the club won promotion last season. Dewsbury-Hall’s move to join Enzo Maresca is the club’s only major outgoing – a big plus in their bid to keep their top-flight status intact.
Dewsbury-Hall’s is also major for Leicester given the fee he collected will register as pure profit on the clubs’ books, an important factor given they had significant financial restraints throughout the window.
Elsewhere, Oliver Skipp is a reliable Premier League footballer signed at a good price, while making Abdul Fatawu’s loan permanent is savvy too. Both will be crucial for Steve Cooper this season.
Where their window fell short is really strengthening at striker, especially considering Jamie Vardy’s age and recent injury history and the departure of Kelechi Iheanacho to Sevilla.
Odsonne Edouard has Premier League experience, and was once a prolific goalscorer at Celtic, yet found the net just 21 times in his 103 Palace games. Given the importance of reliable goalscoring in staving off relegation.
Grade: C
Liverpool
Biggest signing: Federico Chiesa ($19.4m from Juventus)
Total spend: $19.4 million (AUD)
Biggest exit: Fabio Carvalho ($43.7m to Brentford)
Total income: $102.6 million (AUD)
This summer always loomed as the end of an era at Liverpool. Jurgen Klopp’s time at the club had drawn to a close, with Dutchman Arne Slot taking the reins of Anfield.
Immense change was expected, with new personnel viewed as a guarantee in order to assist Slot’s transition in the Liverpool managerial role.
Yet, for much of the window Liverpool were the only club in Europe’s top five leagues to have not signed a single player. That was until Giori Mamardashvili was signed from Valencia before being immediately loaned back to Spain, while a bargain move for Federico Chiesa is as risky as it is promising given the Italian’s recent injury history.
Their lack of market activity has not significantly impacted Liverpool, who have begun the season brilliantly.
Even more impressive is the club’s failure to panic once Martin Zubimendi informed them he would remain at Real Sociedad. The Spaniard, who impressed in the Euro final, was billed as the No.6 the Reds desperately needed, with many doubting who would be shoehorned into the role in his place.
Enter Ryan Gravenberch, who has done so seamlessly, bringing a unique profile into the defensive midfield role and justifying Liverpool’s lack of panic in the market.
Fabio Carvalho, Sepp van den Berg and Bobby Clark all left for good deals given their experience, while Stefan Bajcetic’s loan to RB Salzburg will be beneficial to the club in the coming seasons.
Thiago retired and Joel Matip was released, with the club opting not to dip into the market to replace the experienced Cameroonian centre half. A move for Frenchman Castello Lukeba never materialised, meaning the club only have four recognised central defenders, which could prove their Achilles heel down the line.
Liverpool great Jamie Carragher believes the club “are still short – not in terms of numbers but maybe in terms of quality – at centre-back and in holding midfield,” though credited them for not panic buying, which rarely ever works.
Grade: C+
Manchester City
Biggest signing: Ilkay Gundogan (Free from FC Barcelona)
Total spend: $40.7 million (AUD)
Biggest exit: Julian Alvarez ($125m to Atletico Madrid)
Total income: $264.6 million (AUD)
When Julian Alvarez traded Manchester for the warmth of Madrid and the intensity of Diego Simeone, there was a sense that this may be the season City finally trips up.
At times filling in for both Erling Haaland and Kevin De Bruyne, the Argentine World Cup winner played the fifth most minutes for Pep in the Premier League last season, scoring 11 and creating eight.
Where exactly would City find a player capable of filling in for both their striker and chief creator? The answer, it seems, had been hiding in plain sight.
Released from the final two years of his Barcelona contract, former City captain Ilkay Gundogan has been deployed as a false nine many times for Guardiola but is naturally a brilliant creative midfielder. There is arguably no better Alvarez replacement in world football.
The German headlines a quiet summer of incomings for City, which includes tricky Brazilian winger Savinho – who joined from Girona and has already shown what a delight he is with the ball at his feet. Both are smart additions that boost an already exceptional squad.
Even still, City enter the campaign without a recognised back up striker on their books.
For any other side this would be deeply concerning. For City, it’s a problem, given Haaland’s relatively good injury record, without yet being a major issue, yet.
Pep noted as much, stating the club’s choice not to replace Alvarez could be a “problem” that may turn into a “mistake” but believes the club have enough players in house who can fill in for Haaland, including Gundogan, Phil Foden and youngsters James McAtee and Oscar Bobb.
Where City were smart this window is their ability to offload unwanted, but talented, academy products for strong fees that allow them to clean their books.
Liam Delap, Taylor Harwood-Bellis and Tommy Doyle all permanently moved away from the Etihad. Offloading Joao Cancelo’s contract from the club’s books can also not be understated.
Grade: B-
Manchester United
Biggest signing: Lenny Yoro ($101.4m from LOSC Lille)
Total spend: $354.4 million (AUD)
Biggest exit: Scott McTominay ($49.9m to Napoli)
Total income: $164.5 million (AUD)
As has been the case for the last decade, it’s incredibly hard to get a read on whether or not United’s transfer window has been good.
On paper they’ve brought in good players. Lenny Yoro has massive wraps on him and may just be the best centre back at his age group, Joshua Zirkzee is a unicorn of a striker as capable of dropping deep and creative as many attacking midfielders, and Manuel Ugarte appears the kind of no-nonsense midfield anchor they’ve been crying out for.
Matthijs De Ligt was once Europe’s finest young centre half but has failed to impress at two of the continent’s biggest clubs. He arrives with a major question mark. While at just over $25 million, Noussair Mazraoui has all the makings of a bargain.
And yet there is an element of groundhog day about this window. United have had good windows in the past. Remember 2021, When the club signed Jadon Sancho, Raphael Varane and Cristiano Ronaldo? Or 2022, when Casemiro, Antony and Lisandro Martinez arrived at Old Trafford? Or last year, when Mason Mount, Andre Onana and Rasmus Hojlund joined?
All of these windows were rightly perceived as great windows on face value of the signings. And the same can be said for this window. All of United’s deals look good on paper, but that matters for very little if the club’s form doesn’t turn around.
Where United, and their restructured footballing ownership, deserve credit is offloading Mason Greenwood to Marseille, clearing the club of the winger’s baggage. Allowing Aaron Wan-Bissaka to move to West Ham is also smart given he doesn’t fit the profile of an Erik Ten Hag fullback.
At nearly $50 million, the club would have been foolish to reject Napoli’s offer for Scott McTominay, though his passion and versatility could well be missed dearly.
Grade: B-
Newcastle United
Biggest signing: Lewis Hall ($54.6 million from Chelsea – loan move made permanent)
Total spend: $74.2 million (AUD)
Biggest exit: Elliot Anderson ($68.3 million to Nottingham Forest)
Total income: $132.8 million (AUD)
Arguably no Premier League club had their hands tied behind their back by financial constraints more than Newcastle United.
Manager Eddie Howe described it as “challenging,” before sharing his hopes the club’s minimal business helps them strengthen in future windows.
Out went Elliot Anderson and Yankuba Minteh, both of whom would have pushed for a place in Howe’s squad, and potentially starting XI, with Anderson’s move to Forest facilitated purely for financial reasons.
The club’s financial constraints meant they were limited in their ability to dip into the transfer market, with Lewis Hall’s loan move being made permanent and William Osula’s signing the only two the club splashed cash on.
Lloyd Kelly adds much-needed defensive depth, and will be a valuable squad player once everyone is fit, but is hardly a signing to set the world alight.
It would be harsh to judge Newcastle’s incomings too severely due to the club’s financial constraints, though questions need to be asked about their failed pursuit of Palace centre back Marc Guehi, as well as their inability to offload Kieran Trippier – who begins the season as Howe’s right back deputy.
Clearly the money was there, just not used in ways that strengthen the players at Howe’s disposal. What did strengthen Howe’s side was keeping Anthony Gordon and Alexander Isak, which is about the only commendable business Newcastle conducted.
At best, Newcastle will reflect on this window as one that boosted their squad and brought in two fine young talents. At worst, it will be seen as a failure that failed to achieve anything other than balance the club’s books.
Grade: D+
Nottingham Forest
Biggest signing: Elliot Anderson ($68.3 million from Newcastle United)
Total spend: $175 million (AUD)
Biggest exit: Moussa Niakhate ($52.8 million to Lyon)
Total income: $88.9 million (AUD)
Dare we say it… did Forest have a strong transfer window?
Considering the club have had an even more scattergun approach to transfers in recent years than even Chelsea, their activity was measured, geared towards strengthening Nuno’s squad as opposed to signing as many players as possible.
Elliot Anderson is a wonderful footballer, Nikola Milenkovic has been impressive in recent seasons for Fiorentina, Jota Silva has massive wraps as an elusive winger with goal scoring nous, while James Ward-Prowse’s loan adds depth, experience and set piece threat to Nuno’s midfield.
Murillo, Morgan Gibbs-White and Anthony Elanga remain at the City ground, highlighting how their astute incomings came without expensive outgoings.
Given the club targeted seven goalkeepers throughout last season, and current No.1 Matz Sels had the lowest save percentage (57.4%) of all 25 goalkeepers in the Premier League last season, not bringing in a new goalkeeper is the one glaring negative against Forest’s window.
The club lagged in their attempt to sign Aaron Ramsdale, who joined Southampton instead, saw their advances for Neto knocked back, missed out on Sam Johnstone to Wolves, failed in their attempt to bring French international Brice Samba back to the club and were unwilling to meet Liverpool’s valuation for Ireland international Caoimhim Kelleher.
Another clear area the club were attempting to strengthen but failed to do is up front, with their pursuits of Eddie Nketiah, Yoane Wissa, Omar Marmoush, Evanilson and Santiago Gimenez all ending in nothing.
While this is disappointing for Forest fans, their manager reportedly has no qualms with Sels as first choice keeper, while New Zealand international Chris Wood has begun the season in red-hot scoring form.
What isn’t disappointing for Forest fans is the fact their club didn’t panic buy when missing out on their targets and instead stuck the course with what they had and trusted Nuno to get the best out of them.
Grade: B-
Southampton
Biggest signing: Aaron Ramsdale ($35.2 million from Arsenal)
Total spend: $205.4 million (AUD)
Biggest exit: Carlos Alcaraz ($29.7 million to Flamengo)
Total income: $82.5 million (AUD)
For much of the window, Southampton seemed to sign players with one eye on remaining in the Premier League and another on gaining promotion in the event they’re relegated this season.
Given last season’s promoted contingent – Burnley, Luton Town and Sheffield United – all went straight back down at the end of 2023-24, this business approach is as smart as it is sad.
Aaron Ramsdale’s signing late in the window shows the hunger is there for Russell Martin’s side. He headlines a savvy window for the Saints, who also made Taylor Harwood-Bellis and Flynn Downes’ loan moves permanent, while Ben Brereton-Diaz should add goals.
Goals will be a problem for Southampton this season given Adam Armstrong’s never scored more than two Premier League goals in a single season, and Brereton-Diaz has the potential to provide a threat upfront after scoring six times in 14 Premier League games on loan at Sheffield United last season.
There is hope Cameron Archer can blossom into a reliable Premier League striker, which is why the Saints paid Villa $29 million for his services, even if he’s scored more than 10 goals in a season once in his career.
At the very least, should Southampton fail to find the goals they’ll need to survive, their signings this window have a high enough ceiling to serve them well in the coming years.
Grade: C-
Ange bullish wins will come soon | 00:25
Tottenham Hotspur
Biggest signing: Dominic Solanke ($107m from Bournemouth)
Total spend: $234.8 million (AUD)
Biggest exit: Oliver Skipp ($39 million to Leicester City)
Total income: $114.6 million (AUD)
12 months after Harry Kane moved to Bayern Munich, Spurs have finally landed on their replacement for the England captain.
In Dominic Solanke, Ange Postecoglou has a striker moulded similarly to Kane as you can get on the market. A career-high 19 goal haul last season is the headline figure for the former Bournemouth man, but his link up play and ability to drag opponents out of position and bring teammates into play is among the best in Europe.
An early injury setback following a disappointing debut has soured the early weeks of Solanke’s time at Spurs but Postecoglou has made it no secret that he feels the 26-year-old will succeed at the club.
“He is a presence and scores different types of goals. I think the way we play suits him,” the Spurs coach said.
Elsewhere, the club brought in Archie Gray, Wilson Odobert and Lucas Bergvall in, all three of whom are fine young footballers with the potential to grow into exceptional players around which Spurs’ side can be constructed.
18-year-old Gray in particular marks a significant transfer coup, with the 2023-24 Championship Young Player of the Season already a fine holding midfielder, and capable right back, who was highly-rated by former Leeds manager Marcelo Bielsa.
Last season, Gray led Leeds in tackles, was ranked third in tackles and won possession back more often than just about anyone at the club.
Away from new signings, Spurs were able to offload several high-wage, low performance players, namely Tanguy Nbombele, and find new homes for footballers who don’t suit Postecoglou’s style, such as Eric Dier, Emerson Royal and Pierre-Emile Hojbjerg.
For his part, the Australian described the club’s activity as a “real positive” but noted there were shortcomings with their activity.
“We know there’s still some areas where I look at squad management and we can improve. Again, it’s got to be the right person, the right player and right person,” Postecoglou said, before hinting at potential reinforcements joining the club in January.
One area the club are undoubtedly assessing depth options for is defence. Last season, Spurs’ campaign was derailed by injuries and suspensions to Micky van de Ven, Cristian Romero and Destiny Udogie.
At present, Spurs have just four centre backs on their books, with one of those being Ben Davies – who began his career at left back. Depth in this area is a must if Spurs are to blossom in the coming seasons, with a potential January defensive signing on the cards, one in a similar mould to Radu Dragusin.
Grade: B
West Ham
Biggest signing: Max Kilman ($78.2 million from Wolves)
Total spend: $247.5 million (AUD)
Biggest exit: Flynn Downes ($35.2 million to Southampton)
Total income: $81 million (AUD)
It’s almost impossible to ignore West Ham’s business and suggest the club aren’t the winners of this year’s summer transfer window.
And the fact they’re the winners is not because they’ve signed a lot of players (nine). If that were the case Chelsea would’ve won by many country miles.
No, it’s the type of players the Hammers have brought in. Good players, with a clear place in the squad, that add value to Julen Lopetegui’s side while coming at largely affordable prices.
Picking up Max Kilman from Wolves is such astute business; only three players made more clearances last season and only four won a higher percentage of their tackles.
He is one of several defence reinforcements joining the Hammers, alongside Aaron Wan-Bissaka, who’s defensive excellence compensates for his offensive limitations, and Jean-Clair Todibo, who joins on a loan with an obligation to buy.
Given the two-time French international was on the radar of many clubs, including Manchester United, West Ham’s ability to sign him represents a significant transfer coup.
Last season’s Championship Player of the Season Crysencio Summerville bolsters an already stacked attack line. The Dutchman’s importance could grow depending on the outcome of an FA investigation into Lucas Paqueta’s potential betting breaches.
Spanish international Carlos Soler and Argentinian midfielder Guido Rodriguez provide depth to Lopetegui’s midfield too, especially with James Ward-Prowse’s loan to Forest.
West Ham’s smart signings have been counteracted with necessary outgoings, including Said Benrahma, Thilo Kehrer, Maxwel Cornet and Nayef Aguerd, all of whom had rather forgettable spells with the Hammers.
Grade: A+
Wolverhampton Wanderers
Biggest signing: Andre ($41 million from Fluminese)
Total spend: $120.3 million (AUD)
Biggest exit: Pedro Neto ($104.6m to Chelsea)
Total income: $192 million (AUD)
Club captain, gone.
Best player, gone.
Fair to say, it hasn’t been the best window for Gary O’Neil’s Wolves. Max Kilman left for West Ham and Pedro Neto for Chelsea, significantly weakening the manager’s defensive and creative options.
“Those guys, we need to replace them,” O’Neil told Sky Sports. That they didn’t could prove damning for the club, even if they have faith in the in-house options they have to make up for their two big losses.
Andre, signed from Fluminese, shapes as smart business, with the ball-winning midfielder a wild success in his homeland. He adds to a strong midfield contingent at the club.
Tommy Doyle’s return is positive after he impressed on loan last season, with Jorgen Strand Larsen has already shown his immense presence up top.
Sam Johnstone is a fine goalkeeper, but is he better than Jose Sa? While question marks remain about the rest of the clubs’ signings, many of whom have high ceilings while lacking Premier League experience.
Speaking to Sky Sports, O’Neil indicated earlier in the window that the club needed to look at bringing in players capable of helping them win now.
“Recruitment has been asset-driven and we are hopeful that we can balance that slightly, to get some that are Premier League ready,” he said.
For the large part the club didn’t, and if their start to the season is anything to go by that strategy will do more short term harm than long-term good.
Grade: D-
