Deadline day: Spending down 16% for Premier League clubs in January transfer window

Following a relatively quiet January transfer window, it will come as no surprise to see Premier League teams have spent less this year than in the same month-long period in 2014.

Financial firm Deloitte estimates a total of £80m has been spent by England's top-flight teams thus far – down 16% on last year's £95m. However, this could be boosted if Juan Cuadrado's £23m switch from Fiorentina to Chelsea is completed.

Premier League clubs have been notably less busy in the latest transfer window and this is highlighted by the fact that more than a third of the £80m was spent on one player – Wilfried Bony cost Manchester City £28m when he moved from Swansea at the start of January.

Nonetheless, Premier League clubs have still managed to spend a record £900m this season when the previous window is taken into account.

Dan Jones, partner in the Sports Business Group at Deloitte, said: "As we enter the final day of this year's transfer window, Premier League clubs' gross spending currently stands at £80m.

He said: "While the summer window saw a record level of transfer spending, so far we have seen spending in January being slightly more reserved.

"However, 2014-15 is still a record season for Premier League spending, with clubs having spent over £900m, significantly ahead of the previous record of £760m."

Last summer saw some big-name players move to the Premier League – markedly in the form of Diego Costa (£32m from Atletico Madrid to Chelsea), Alexis Sanchez (£35m from Barcelona to Arsenal) and Angel Di Maria, whose £59.7m move from Real Madrid to Manchester United was a record transfer fee for an English team.