| 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 | |||