| Brought Forward | Date | Transferred Out | Transferred In | Transfer Fee | Prize Money | Balance |
| £7.1m | 30 Aug | £400,000 | £7.5m | |||
| 9 Sept | Robbie Stockdale, FB, Boro | Christian Ziege, FB, Boro | £3.1m | £4m | ||
| 9 Sept | Kevin Ball, Mid, Sund | Seth Johnson, Mid, Derby | £0.5m | £3.5m | ||
| £3.5m | 27 Sept | Hamilton Ricard, Str, Boro | Stefen Iversen, Str, Tott | £200,000 | £3.2m | |
| £3.2m | £100,000 | £3.3m | ||||
| £3.3m | 1st Nov | £400,000 | £3.7m | |||
| £3.7m | 1st Nov | Neil McCann, mid, Rangers | Chippo, mid, Coventry | £300,000 | £3.4m | |
| £3.4m | 29th Nov | £200,000 | £3.6m | |||
| £3.6m | 13th Dec | Marcellino, cb, Newcastle | Banjo, str, Hearts | £100,000 | £3.5m | |
| £3.5m | 13th Dec | Tommy Boyd, fb, Celtic | Niall Quinn, strk, Sunderland | £300,000 | £3.2m | |
| £3.2m | 30th Dec | £300,000 | £3.5m | |||
| £3.5m | 18th Jan | Banjo, str, Hearts | Carlos Scheidt, str, Celtic | £300,000 | £3.2m | |
| £3.2m | 18th Jan | Dion Dublin, str, A Villa | Francis Jeffers, str, Everton | £300,000 | £2.9m | |
| £2.9m | 1st Mar | £100,000 | £3m | |||