Premier League clubs have significantly reduced their transfer spending compared to last summer, with only £1.5 billion spent so far in the current window.
This figure is a stark contrast to the record-breaking £2.3 billion spent in summer 2023.
Despite the decrease, the Premier League remains the top-spending league in Europe, surpassing Italy, France, Spain, and Germany.
However, the number of deals completed by Premier League clubs is lower than those in Serie A and the Bundesliga.
The decline in spending can be attributed to several factors, including compliance with profit and sustainability rules (PSR).
The flurry of activity seen in the early days of the window was likely driven by the end of the Premier League’s financial year.
Experts believe that the market is generally more subdued and considered this year compared to previous summers.
While there is still time for deals to be finalized before Friday’s deadline, the overall trend suggests a significant reduction in transfer spending for Premier League clubs.
