English teams were the number one spenders in the transfer market, paying out $1.88 billion overall, and also received the most for outgoing transfers, pocketing $1.34 billion.

Kepa Arrizabalaga kicked off an expected exodus of out-of-favour Chelsea players in the final 48 hours of the transfer window by joining Bournemouth on a season-long loan on Thursday.

Juventus have signed Netherlands midfielder Teun Koopmeiners from Atalanta in a deal worth up to 60.7 million euros ($67.5 million), the Serie A giants confirmed on Wednesday.

England forward Cole Palmer has signed a two-year contract extension with Chelsea, the Premier League club announced Tuesday.

The 24-year-old Argentina international's exit marks a record sale price for City, eclipsing the 50 million pounds Chelsea paid for winger Raheem Sterling in 2022.

Clubs worldwide spent a record $9.63 billion on international transfers in 2023, an increase of nearly 50% compared to 2022, world soccer's governing body FIFA said in its Global Transfer Report published on Tuesday.

Arsenal's search for a proven goalscorer to spearhead their challenge for a first Premier League title since 2004 could also loom large.

Premier League side Chelsea completed the signing of Argentina midfielder Enzo Fernandez from Benfica for a British record 106.8 million pounds ($131.46 million) on Wednesday after a day of complex negotiations between the clubs.

Moises Caicedo has pleaded with Brighton to accept a club record transfer fee amid interest from Arsenal in the midfielder.

Premier League leaders Arsenal signed Poland defender Jakub Kiwior from Italian side Spezia in a deal worth a reported £12 million ($27 million) on Monday.

Chelsea completed the signing of Noni Madueke from PSV Eindhoven on Friday to continue a remarkable spending spree.

Wolverhampton Wanderers have signed Spain midfielder Pablo Sarabia from Paris St Germain on a contract until 2025, the Premier League club said on Tuesday

Chelsea swooped to beat Arsenal to the signing of Ukrainian international winger Mykhailo Mudryk from Shakhtar Donetsk for a fee that could rise to 100 million euros (£88 million, $108 million) on Sunday.

Chelsea have signed Portugal forward Joao Felix from Atletico Madrid on a loan deal until the end of the season, both clubs said on Wednesday.

Liverpool manager Juergen Klopp has suggested Cody Gakpo might be their only major signing of the January window, saying the club "cannot play like monopoly" in the transfer market and that he has "faith and trust" in the players at his disposal.

The cost of living crisis in England has passed Premier League clubs by with the all-time record for an entire season, £1.86 billion ($2.15 billion) from 2017-18, under threat of being broken come the closing of the transfer window later on Thursday.

Manchester City on Tuesday confirmed the signing of Spanish left-back Sergio Gomez from Anderlecht on a four-year deal for a reported fee of £11 million ($13 million).

New Chelsea signing Kalidou Koulibaly may not yet have had a chance to introduce the Premier League audience to his football skills but he has already gained fans' respect after he called former captain John Terry to ask for his shirt number.

French Ligue 1 side Nice on Monday announced the arrival of Wales midfielder Aaron Ramsey a week after the 31-year-old left Juventus with a year left to run on his contract.

Cristiano Ronaldo has indicated he will feature in Manchester United's friendly with Rayo Vallecano at Old Trafford on Sunday amid ongoing speculation over his future with the English giants.