| 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 | |||