Global transfers during the January window broke the $2 billion (£1.6bn) mark for first time in the men's game according to FIFA data.

Clubs from England and Saudi Arabia emerged as the big spenders in this phase. Nearly 6000 deals were completed in the month and $2.35 billion was spent to complete these transfers.

The 2025 January transfer window is closed. Which teams made the most of it, and which teams left opportunities on the table?

Norwich signed 19-year-old Manchester City midfielder Jacob Wright on loan with an option to buy, while Czech international winger Matej Jurasek, 21, was brought in on a long-term deal from Slavia Prague and Northern Ireland defender Ruairi McConville arrived from Brighton & Hove Albion for an undisclosed fee.

The collective spending of all 20 teams in Spain's top flight was €26.1m, making it the 16th highest-spending league in football this winter

Clubs worldwide spent a record $2.35 billion on international transfers in men's soccer in the January window, nearly a 58% increase from last year, world soccer's governing body FIFA said in a study published on Friday.

Ed: As usual, a disappointing lack of ambition from the senior management to push hard for promotion. They blame the transfer activity in the summer for a lack of funds, but that activity has produced no significant improvement. What happened to the proceeds of the sales of Semenyo, Scott and Conway?