Biggest Spenders of the January 2026 Transfer Window

Fahdah

The January transfer window wasn’t as wild as last summer, but there were still some eye-catching moves. English clubs once again spent the most, dropping £390 million ($530 million), while Saudi Arabia added drama with Karim Benzema’s shock switch. Let’s look at the top 10 biggest spenders ranked.

🔟 Lazio (€37m)

  • Came off a transfer ban and splashed out.
  • Signed Kenneth Taylor from Ajax and young striker Petar Rakov.
  • Smart business: they actually ended with a net profit after selling players.

9️⃣ Fenerbahçe (€37m)

  • Pulled off a coup by landing N’Golo Kanté after his Saudi adventure.
  • Spent big on Mattéo Guendouzi (€28m) to strengthen midfield.
  • Hoping to match rivals Galatasaray’s star-studded squad.

8️⃣ Bournemouth (€42m)

  • Signed Brazilian wonderkid Rayan from Vasco da Gama (€28.5m).
  • Added Golden Boy nominee Alex Tóth.
  • The Cherries continue their bold approach in the Premier League.

7️⃣ Flamengo (€54m)

  • Flexed financial muscle after Club World Cup success.
  • Brought back Lucas Paquetá from West Ham for a Brazilian record €41m.
  • A statement that Brazilian clubs can now compete financially.

6️⃣ Atlético Madrid (€54m)

  • Signed Ademola Lookman from Atalanta (€35m).
  • Added young talent Rodrigo Mendoza to refresh midfield.
  • Building for the future while staying competitive in La Liga.

5️⃣ Tottenham (€55m)

  • Bought Conor Gallagher from Chelsea.
  • Added Brazilian left-back João Souza.
  • Fans still feel the club didn’t do enough to strengthen.

4️⃣ West Ham (€56m)

  • Revamped attack with Taty Castellanos and Pablo (€52m combined).
  • Also signed Adama Traoré and loaned Axel Disasi.
  • Busy window, but questions remain about quality.

3️⃣ Al Hilal (€67m)

  • Stole the headlines by signing Karim Benzema from Al Ittihad.
  • Extended Rúben Neves’ contract.
  • Added young striker Mohamed Kader Meïté.
  • Benzema already scored a hat-trick on debut, Ronaldo isn’t happy.

2️⃣ Crystal Palace (€90m)

  • Broke their transfer record twice.
  • Signed Jørgen Strand Larsen from Wolves.
  • Lost captain Marc Guéhi, while Jean-Philippe Mateta stayed after a failed medical.
  • Big spending, but poor results on the pitch.

1️⃣ Manchester City (€95m)

  • Top spenders again.
  • Signed Marc Guéhi and Antoine Semenyo for €95m combined.
  • Strengthened key positions as they chase Arsenal in the title race.

Final Take

  • Man City led the spending charts.
  • Crystal Palace shocked everyone with their record-breaking spree.
  • Al Hilal brought the drama with Benzema’s move.
  • English clubs remain the biggest spenders, but Saudi Arabia is changing the game.

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