Global transfers during the January window broke the $2 billion (£1.6bn) mark for first time in the men's game according to FIFA data.

Manchester City's January spending was not a precautionary measure for a future transfer embargo, manager Pep Guardiola said, adding the club would learn the verdict of a hearing into their alleged violations of Premier League regulations in "one month".

Omar Marmoush’s blockbuster switch from Eintracht Frankfurt to Manchester City was arguably the biggest transfer of the winter window, as another market slams shut.

There were plenty of late deals completed by Premier League clubs, but some had a better winter transfer window than others as far as important business was concerned

Manchester City easily topped the spending charts in the January transfer window with the signing of Spanish midfielder Nico Gonzalez on Deadline Day to complete a busy month for the ailing Premier League champions.

The January 2025 transfer window shattered records across the footballing world, with global spending hitting an unprecedented $2.35 billion, according to FIFA’s International Transfer Snapshot. This marks a nearly 20% increase from the previous January high set in 2024.