| Brought Forward | Date | Transferred Out | Transferred In | Transfer Fee | Prize Money | Balance |
| £12.35m | 30 Aug | £500,000 | £12.85m | |||
| 9 Sept | Ronny Johnsen, CB, Man Utd | Julian Joachim, Str, A Villa | £2m | £10.85m | ||
| 9 Sept | Gary Kelly, FB, Leeds | Tony Vidmar, FB, Rangers | £0.75m | £10.10m | ||
| £10.1m | 27 Sept | Mark Birchill, Str, Celtic | Junihno, Mid, Boro | £3.5m | £6.6m | |
| £6.6m | 28 Sept | £400,000 | £7m | |||
| £7m | 1st Nov | £300,000 | £7.3m | |||
| £7.3m | 1st Nov | Julian Joachim, str, Villa | Georgi Kinkladze, mid, Derby | £300,000 | £7m | |
| £7m | 29th Nov | £300,000 | £7.3m | |||
| £7.3m | 30th Dec | £500,000 | £7.8m | |||
| £7.8m | 18th Jan | Robbie Fowler, str, Liverpool | Duncan Ferguson, str, Newcastle | £1m | £6.8m | |
| £6.8m | 18th Jan | Kachloul, mid, Southampton | Branco Strupar, str, Derby | £700,000 | £6.1m | |
| £6.1m | 1st Feb | £200,000 | £6.3m | |||
| £6.3m | 1st Mar | £500,000 | £6.8m | |||