July 1 marked the start of a new PSR [profit and sustainability rules] period, which means that teams up and down the land can start to spend a bit more freely.
June saw many clubs scrambling to sell players before the PSR deadline of June 30, leading to some strange deals between rivals to ensure no one got a points deduction.
But now those worries are over for another year, top-flight clubs are looking at strengthening their squads ahead of the upcoming season.
A lot of money has already been spent, but here are the biggest deals so far…
5. Yankuba Minteh – Newcastle to Brighton: £33 million
Minteh joined Newcastle in the summer of 2022 and was loaned out to Feyenoord
Under new Liverpool manager Arne Slot, the winger played Champions League football and impressed in the Eredivisie.
In 37 appearances, the Gambia international scored 11 goals and assisted six more and Newcastle fans were looking forward to seeing him on Tyneside.
However, with the threat of a PSR-related points deduction looming, the Toon reluctantly sold Minteh to Brighton.
3= Elliot Anderson – Newcastle to Nottingham Forest: £35 million
Anderson is another PSR-related sale for Newcastle, who found themselves looking at a double-digit points deduction.
The Geordie had no intention of leaving the Toon and signed a new contract with the club in September 2022.
But to avoid selling Anthony Gordon, Alexander Isak or Bruno Guimaraes, Anderson was sacrificed.
Nottingham Forest are getting a young, versatile player with plenty of Premier League experience, and he should prove to be a great addition.
3= Archie Gray – Leeds to Tottenham: £35 million
Gray is a top midfield talent who looked far too good for the Championship.
Therefore, Leeds knew that missing out on promotion last season could potentially cost them their young star.
Brentford thought they had his signature wrapped up, with a deal agreed in principle.