Premier League clubs recorded another record-breaking feat in the Summer Transfer Window after spending £2.36bn on new players.
Premier League clubs spent about £255m on deadline day alone, which is more than double of £120m spent on last summer’s deadline day deals.
This means that the 2023-24 season has already recorded the second-highest transfer spend ever after last season’s £2.73 billion.
Lead partner in Deloitte’s Sports Business Group, Tim Bridge stated that: “A second successive summer of record spending by Premier League clubs suggests that year-on-year revenue growth could return following the pandemic.”
“Nearly three-quarters of Premier League clubs (14) spent more this summer than the last, reflecting the increased intensity of competition.”
“There continues to be pressure on clubs to acquire top talent to satisfy their on-pitch objectives, whether that’s qualifying for European competition or simply maintaining their position in the Premier League.”
What Are The Biggest Incoming Summer Signings?
Futballnews takes a look at the biggest transfers that happened in the summer in the Premier League:
Moises Caicedo – £100m
One of the biggest summer deals in the Premier League was the deal between Chelsea and Brighton for Ecuadorian player Moises Caicedo.
The Blues signed the midfielder from the Seagulls for a British-record fee of £115m on an eight-year contract.
Chelsea paid an initial £100m for Caicedo and will also pay £15m in performance-related add-ons.
The contract has an option for a further year and Brighton inserted a sell-on clause that was described as “significant” as part of the deal.
Liverpool rivaled Chelsea for the star by agreeing a £111m deal for Caicedo, but he eventually stated that he wanted the move to Stamford Bridge.
Declan Rice – £100m
Arsenal also were another team that broke the bank this summer by signing Declan Rice from West Ham.
Last season’s runners-up signed Rice for £100 million ($131m) plus £5m ($6.5m) in add-ons.
The deal saw the Gunners smash their transfer record of £72m paid to sign Nicolas Pepe from Lille in 2019.
The deal also saw the Englishman become the most expensive British player in Premier League history.
Rice’s deal also eclipsed the £100m Manchester City paid to sign Jack Grealish from Aston Villa two years ago.
Speaking on his signing, Rice said: “It’s been a bit overwhelming because of my relationship with West Ham. [With] the love and support I have for them, it’s been really hard to walk away.”
Josko Gvardiol – £77m
Manchester City completed the signing of defender Josko Gvardiol from RB Leipzig in a deal worth £77.6m.
Gvardiol signed a five-year deal with City, who won the Premier League, FA Cup, and Champions League last season.
The defender told City’s website: “I have always dreamed of one day playing in England and to be doing so now with Manchester City – after the season they have just had – is a real honor for me.”
Rasmus Hojlund – £72m
Premier League side Manchester United completed the £72m signing of Atalanta forward Rasmus Hojlund.
The 20-year-old – who missed the start of the campaign as he continues his recovery from an injury sustained in pre-season – signed a five-year deal at Old Trafford, with the option of a further 12 months.
Hojlund told United website said: “It is no secret that I have been a fan of this great club since I was a small boy and I dreamed of walking out at Old Trafford as a Manchester United player.”
Kai Havertz – £65m
Arsenal completed a £65m deal to sign Kai Havertz from Chelsea on an unspecified long-term contract.
The German forward was Arsenal’s first summer signing before the Gunners signed West Ham midfielder Declan Rice and Ajax defender Jurrien Timber.
Havertz signed a five-year contract at the Emirates to spell the end of a three-season successful season at Chelsea.
Dominik Szoboszlai – £60m
Liverpool completed the signing of Dominik Szoboszlai from RB Leipzig for £60m, with the star signing a five-year contract until 2028.
Newcastle had also been interested in the 22-year-old midfielder, but once Szoboszlai made clear his desire to move to Anfield, all other interests were withdrawn.
There was a breakthrough in negotiations immediately after Liverpool agreed to trigger his £60m release clause.
Mason Mount – £60m
Manchester United agreed £60m deal with Chelsea for Mason Mount and he signed a five-year contract at Old Trafford with an option of a further year.
Mount completed his medical and said goodbye to Chelsea fans via social media.
The Englishman also revealed that his imminent £60m move to Manchester United “is right for me at this moment in my career” after he completed a medical ahead of his transfer from Chelsea.
Romeo Lavia – £58m
Chelsea completed the signing of midfielder Romeo Lavia from Southampton in a deal worth £58m.
The deal is said to be worth an initial £53m plus £5m in add-ons with the 19-year-old signing a seven-year deal at Stamford Bridge.
On completing his move to Chelsea, Lavia revealed that: “I’m really happy to join Chelsea and be a part of this exciting project. It’s an amazing football club with a great history and I’m really excited to get started.”
Jeremy Doku – £55.4m
Premier League winners Manchester City completed the signing of Belgium winger Jeremy Doku from Rennes for £55.4m.
The treble winners agreed a five-year contract with the 21-year-old, who scored 10 goals in 75 Ligue 1 appearances in three seasons.
Doku, who took the number 11 shirt, spoke to the Premier League club’s website saying: “This is a great day for me, both personally and professionally. City are the best team in world football, so joining them is special.”
Sandro Tonali – £55m
Newcastle completed a £55m deal for AC Milan midfielder Sandro Tonali.
Tonali agreed a five-year contract at St James’ Park and became Newcastle’s first signing of the summer transfer window.
Newcastle manager Eddie Howe said: “He is an exceptional talent and has the mentality, physicality and technical attributes to be a great fit for us.”
Who Are The Biggest Outgoing Summer Signings?
Here is the list of players who departed the Premier League this summer in massive deals to their respective new homes:
- Harry Kane – Bayern Munich, £100m
- Ruben Neves – Al Hilal, £47m
- Fabinho – Al Ittihad, £40m
- Folarin Balogun – Monaco, £34.3m
- Riyad Mahrez – Al Ahli, £30m
- Aymeric Laporte – Al Nassr, £23.6m
- Allan Saint-Maximin – Al Ahli, £23m
- Granit Xhaka – Bayer Leverkusen, £21.4m
- Christian Pulisic – AC Milan, £18.8m
- Ruben Loftus-Cheek – AC Milan, £17.18m
Premier League Deadline Day Done Deals
Manchester City signed Portugal midfielder Matheus Nunes from Wolves for £55m in the biggest deadline deal with Chelsea also signing Cole Palmer to Chelsea for £40m from the Treble winners.
Manchester United completed the signing of Altay Bayindir from Fenerbahce for £4.5m, midfielder Sofyan Amrabat on loan from Fiorentina, full back Sergio Reguilon on loan from Tottenham, and free agent Jonny Evans on a one-year deal.
Nottingham Forest were the busiest Premier League team in the market as they signed Ibrahim Sangare from PSV, Callum Hudson-Odoi from Chelsea, and Nicolas Dominguez from Bologna.
Other completed deadline-day deals include:
- Ryan Gravenberch from Bayern Munich to Liverpool for £34.3m
- Ansu Fati from Barcelona to Brighton on loan
- Brennan Johnson from Nottingham Forest to Tottenham for £45m
- Alex Iwobi from Everton to Fulham for £22m
- Clement Lenglet from Barcelona to Aston Villa on loan
- Albert Sambi Lokonga from Arsenal to Luton on loan
- Mason Greenwood from Manchester United to Getafe on loan
- Rob Holding from Arsenal to Crystal Palace for £4m
- Luis Sinisterra from Leeds to Bournemouth on loan.
