Premier League clubs handed over more than £3billion on transfers last summer.
And we look set for another window of huge spending in 2026, as it promises to be another busy few months on the market across the top flight.
Enzo Fernandez in Champions League action for Chelsea in their round-of-16 second-leg defeat to PSG
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Enzo Fernandez has dropped a bombshell that he could look to leave Chelsea this summer - despite still having six years left on his contractCredit: Getty
Clubs like Manchester United and Tottenham are in need of a rebuild to get back to where they want to be... given Spurs manage to stay up, of course.
Meanwhile, Arsenal will be looking to form a position of power at the top of the league, and Liverpool and Manchester City will be bidding to close the gap on the champions-elect.
In this week’s Transfer Notebook, talkSPORT takes a look at five big deals to watch out for when the window re-opens in June...
Enzo Fernandez
The Chelsea star has raised doubts over his future at the club by answering ‘I don’t know’ when quizzed as to whether he would still be at Stamford Bridge next season.
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In a second even more explosive interview with South American media, the Argentine appears to criticise the Chelsea board for sacking former boss Enzo Maresca.
Fernandez’s comments have put clubs including European heavyweights Real Madrid and PSG on alert and a move to the Bernabeu in particular is believed to interest the 25-year-old.
If Chelsea miss out on a place in the Champions League they are likely to face a battle to keep their World Cup winning midfielder.
Sandro Tonali
Tonali is one of several Newcastle players attracting interest from Premier League rivals.
The Italian’s agent rather mischievously offered his client to Arsenal on transfer deadline day, although any suggestions he would be sold mid-season were immediately slapped down by Newcastle.
The summer could be a different story and St James Park insiders fear they are heading for a repeat of last summer’s Alexander Isak saga.
Sandro Tonali celebrates scoring in the Champions League
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Tonali's impressive year for Newcastle has attracted the attention from several Premier League rivals and clubs in his homelandCredit: Getty
Tonali’s preference is understood to be a return to Italy but Newcastle’s likely asking price of around £80m makes that a near impossibility.
Manchester United are among Tonali’s suitors as they plan an expensive midfield revamp. I would not rule him out as a potential Rodri replacement at Manchester City either.
Elliot Anderson
On the subject of City, Elliot Anderson is a name at the forefront of their summer plans.
The Nottingham Forest midfielder has emerged as a virtual nailed-on starter for England at the World Cup and a good tournament will only enhance his reputation.
Anderson is also wanted by Manchester United but sources at Old Trafford believe City are favourites for his signature.
Forest owner Evangelos Marinakis is sure to drive a hard bargain but it feels unlikely that Anderson stays at the City Ground.
Bruno Fernandes celebrates scoring for Manchester United
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Fernandes' in-form campaign has cemented his place as one of the Premier League's best-ever midfielders - but could he be tempted away from Old Trafford?Credit: Getty
Bruno Fernandes
Fernandes was very close to leaving United for Saudi Arabia a year ago and he is believed to be seriously considering heading for the exit.
The big-money Saudi offer remains on the table but Fernandes also has a release clause of £57m that can be triggered by top European clubs.
Having recently eclipsed David Beckham’s club record for the most assists in a single season, United are determined to fight to keep their talismanic captain.
In order to achieve that they may have to give him a new contract and hike up his wages.
If Fernandes does leave then Nottingham Forest’s Morgan Gibbs-White is one potential replacement.
Mohamed Salah
Mo Salah’s alarming drop off in form has been one of Liverpool’s biggest issues this season.
Mohamed Salah celebrates scoring against Galatasaray
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Salah is experiencing the slowest season of his Liverpool career so far - will it prove to be his last in a Reds shirt?
After carrying Arne Slot’s men to the title this time last year, the Egyptian has scored only five Premier League goals and fallen out with his manager in December after being dropped.
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Dealmakers in Saudi Arabia continue to prioritise Salah as their main flagship target and there is confidence they can finally land their man.
Saudi Pro League director of football Michael Emenalo appears to be just waiting for the right time to make a move and has a strong relationship with the Reds’ ‘Egyptian King’.