Premier League smashes summer transfer spending record at £3.46bn

The English Premier League displayed its financial power once again by smashing the summer transfer window record for the amount spent by its clubs on new players.

It had only set the previous record last year.

The spree continued deep into the final hours of the window, which shut on Tuesday, with several big-money deals completed before the 11pm (22:00 GMT) deadline for signings by English clubs.

Approximately 38 percent of the Premier League deals were made between the clubs from within that competition, up from 30 percent last year’s summer transfer window.

Al Jazeera Sport takes a look at major takeaways from the 2026-27 transfer window:

How much did Premier League clubs spend for the 2026-27 season?

A total of 3.46 billion pounds ($4.67bn) was dished out by England’s top-flight clubs, with 475 million pounds ($640.1m) being spent on deadline day itself, up from 391 million pounds ($526.7m) on the same day last year.

During the last summer transfer window, the combined spending of the league’s 20 clubs breached the 3 billion pounds ($4.05bn) barrier for the first time, while this year’s figure dwarfed the 1.13 billion pounds ($1.52bn) spent five years ago.

What were the most expensive Premier League and La Liga signings?

Manchester City topped the list when they spent 125 million pounds ($168.7m) on signing Argentina midfielder Enzo Fernandez from Chelsea.

He’s the first player to be transferred twice for figures upwards of 100 million pounds ($134.7m), and his deal equalled the amount spent on Aleksander Isak when he moved from Newcastle United to Liverpool during the last summer transfer window.

Liverpool paid a close second 123 million pounds ($166m) to sign France forward Bradley Barcola from Paris Saint-Germain.

Chelsea followed with 117 million pounds ($158m) spent on bringing England international Morgan Rogers from Aston Villa to Stamford Bridge, while Manchester City dished out 116 million pounds ($156.6m) for midfielder Elliot Anderson from Nottingham Forest.

Which clubs spent the most money on summer transfers?

Manchester City’s signing of Fernandez capped the whopping 458 million pounds ($618.2m) spent as new manager Enzo Maresca assembled his first squad, which includes Moroccan midfielder Ayyoub Bouaddi for 86 million pounds ($116.2m).

It was a new Premier League record that surpassed the 415 million pounds (560.3m) paid by Liverpool last year.

Chelsea also spent heavily, shelling out 349 million pounds ($471.1m) to back new boss Xabi Alonso.

Tottenham splashed out 303 million pounds ($409m) as they rebuild after two successive seasons close to being relegated.

Promoted trio Ipswich, Coventry City and Hull City spent more than a combined 400 million pounds ($539.9m) to prepare themselves for life in the top flight.

Sunderland landed highly rated Belgian winger Malick Fofana, 21, from Olympique Lyonnais in a reported 30 million pounds ($40.5m) deal after beating Crystal Palace to his signature.

Tottenham Hotspur also broke their club transfer record to sign Sandro Tonali from Newcastle United in a deal that could reach 100 million pounds ($134.9m).

Why did Julian Alvarez, Folarin Balogun and Lamine Camara fail to join a new club?

Some deals failed to go through on deadline day.

British media reported that Everton’s move for Folarin Balogun collapsed after the US striker decided against proceeding with the transfer, while Senegal midfielder Lamine Camara remained at Monaco after his reported 47.1 million pounds ($63.5m) move to Chelsea fell through.

Julian Alvarez’s dream of playing for Barcelona never materialised after Atletico held onto him despite strong interest from Barcelona and Arsenal.

Atletico chief executive Miguel Angel Gil Marin made his feelings quite clear about ⁠⁠Barcelona last week and ⁠⁠said Alvarez would never be sold to them.

“There has not been, and there will not be any negotiation with them [Barcelona] regarding Alvarez’s transfer,” Atletico’s board of directors said in the statement.

“Atletico de Madrid is open to standard transfer market negotiations when conducted in a professional, ethical and respectful manner,” the statement added.