Silly Season
confirmed moves, strong reports and rumours · clearly separated
Window is shut--d --h --m --sWinter window opens 1 Jan
Transfer deskA rumour is never called confirmed; tap any card for its receipts.
Latest on the wire
Done deals 39
Swipe →Confirmed by a tier-1 source: an official club, the league, or a major outlet reporting a completed deal.
Early talk 32
Swipe →Early speculation, each attributed to the outlet that ran it. Low confidence by design.
Biggest deals
The window’s biggest business
The most expensive confirmed moves so far, biggest fee first. Confirmed deals with a clean cash fee only.
- Ayyoub BouaddiLille to Manchester CityFRANCE · CM · 18£85m
- Bruno GuimaraesNewcastle to ArsenalBRAZIL · Midfielder · 28£75m
- RodriMan City to BarcelonaMidfielder · 29£65m
- Tijjani ReijndersMan City to Nottingham Forest£55m
Window ledger
The money in, the money out
Who is spending, who is selling: confirmed cash fees per club, biggest net first. Tap a club for the deals; loans, frees and fees quoted only in euros are listed but never counted.
Arsenal4 in · 2 outspent£75Mincl. reported fee
In
- Bruno Guimaraes Newcastle · Midfielder · 28£75m
- Cristian Romero Tottenham
- Jack Hinshelwood Hinshelwood
- Jarell Quansah Bayer Leverkusen
Out
- Gabriel Jesus Napoli · Attacker · 28€20m
- Myles Lewis-Skelly Chelsea
Forest2 in · 2 outspent£71Mincl. reported fee
In
- Tijjani Reijnders Man City£55m
- Ousmane Diomande Sporting£34m
Out
- Awoniyi Coventry£9m
- Taiwo Awoniyi Coventry City£9m
Crystal Palace3 in · 1 outspent£35Mincl. reported fee
In
- Lamine Camara Monaco£35m
- Ana Khalaili Union Saint-Gilloise
- Brennan Johnson Everton
Out
- Guessand Eagles
Man United1 in · 0 outspent£35Mincl. reported fee
In
- Youri Tielemans Aston Villa£35m
Liverpool3 in · 0 outspent£25.6Mincl. reported fee
In
- Bradley Barcola PSG · LW · 23£25.6m
- Djed Spence Tottenham
- Ronald Araújo Barcelona
Coventry3 in · 0 outspent£18Mincl. reported fee
In
- Awoniyi Nottingham Forest£9m
- Taiwo Awoniyi Nottingham Forest£9m
- Gustavo Hamer Sheffield Unitedundisclosed
Show 10 more clubs ›Show fewer ‹
Chelsea2 in · 2 outspent£16Mincl. reported fee
In
- Pep Chavarria Spanish lower leagues£16m
- Myles Lewis-Skelly Arsenal
Out
- Dastan Satpayev Burnley
- Emenalo Celtic
Bournemouth0 in · 1 outlevel
Out
- Enes Unal Getafe
Everton0 in · 1 outlevel
Out
- Brennan Johnson Crystal Palace
Hull2 in · 0 outlevel
In
- Joe Gelhardt Leeds
- Nobel Mendy Rayo Vallecano
Ipswich1 in · 0 outlevel
In
- Julio Enciso Strasbourg
Leeds0 in · 1 outlevel
Out
- Joe Gelhardt Hull City
Aston Villa3 in · 1 outraised£35Mincl. reported fee
In
- Endrick Real Madrid
- Matteo Ruggeri Atletico Madrid
- Zion Suzuki Juventus
Out
- Youri Tielemans Man United£35m
Man City2 in · 2 outraised£35Mincl. reported fee
In
- Ayyoub Bouaddi Lille · CM · 18£85m
- Geronimo Rulli Marseille
Out
- Rodri Barcelona · Midfielder · 29£65m
- Tijjani Reijnders Nottingham Forest£55m
Newcastle0 in · 1 outraised£75Mincl. reported fee
Out
- Bruno Guimaraes Arsenal · Midfielder · 28£75m
Tottenham1 in · 6 outraised£84.2Mincl. reported fee
In
- Folarin Balogun Monaco
Out
- Cristian Romero Atletico Madrid£34.2m
- Djed Spence Inter Milan£30m
- Phillips Boroup to £20m
- Cristian Romero Arsenal
- Djed Spence Liverpool
- Guglielmo Vicario Juventus
Source reliability
Top source groups
The most-used source groups on the board. Landed is the share of their cards already confirmed, earned not claimed.
- BBC Sport tier127 of 37 reports landed73%
- Guardian tier117 of 28 reports landed61%
- Sky Sports tier113 of 28 reports landed46%
- Coming Home Newcastle1 of 1 report landed100%
- Coming Home Newcastle / Chronicle-referenced1 of 1 report landed100%
- London Standard live1 of 1 report landed100%
Showing top 6 of 11 source groups.
Spend Room · Estimate
From published accountsWho can still spend
Roughly how much each club can still spend on fees before a Premier League fine, most first. Tap a club for the plain-English why. Confirmed deals are already counted in.
Tottenhammedium confidence est.up to£500mroom +£70m/yr
Tottenham can add roughly ~£400–500m of transfer fees this window before risking a Premier League fine, on five-year deals. A fee is spread over five years, so the budget is bigger than one season's room (about £140–210m a year). Wages still count in full, so a marquee signing may need a sale too.
Can spend on fees
~£400–500m
gross fees, 5-yr deals (est.)
Annual room
£140–210m
squad-cost room per year
Spent so far
−£84m
net cash this window (exact)
Squad-cost ratio
68.1%
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Medium confidence estimate
Confirmed this window: 0 in (annual cost unknown) · 3 out (raised £84m, frees room). Annual room ~£105m -> ~£175m after these deals.
Source: Tottenham Hotspur 2024/25 accounts (published).
Man Citymedium confidence est.up to£300mroom +£70m/yr
Man City can add roughly ~£250–300m of transfer fees this window before risking a Premier League fine, on five-year deals. A fee is spread over five years, so the budget is bigger than one season's room (about £85–130m a year). Wages still count in full, so a marquee signing may need a sale too.
Can spend on fees
~£250–300m
gross fees, 5-yr deals (est.)
Annual room
£85–130m
squad-cost room per year
Spent so far
−£35m
net cash this window (exact)
Squad-cost ratio
79.9%
green 85% · red 115%
UEFA 70%
over by ~£80m
fine, not a ban
Confidence
Medium confidence estimate
Confirmed this window: 1 in (annual cost £34m) · 2 out (raised £120m, frees room). Annual room ~£40m -> ~£110m after these deals.
Source: Manchester City 2024/25 financial report (published).
Arsenalmedium confidence est.up to£200mroom −£30m/yr
Arsenal can add roughly ~£150–200m of transfer fees this window before risking a Premier League fine, on five-year deals. A fee is spread over five years, so the budget is bigger than one season's room (about £55–85m a year). Wages still count in full, so a marquee signing may need a sale too.
Can spend on fees
~£150–200m
gross fees, 5-yr deals (est.)
Annual room
£55–85m
squad-cost room per year
Spent so far
£75m
net cash this window (exact)
Squad-cost ratio
72.1%
green 85% · red 115%
UEFA 70%
over by ~£15m
fine, not a ban
Confidence
Medium confidence estimate
Confirmed this window: 1 in (annual cost £30m) · 0 out (raised unknown, frees room). Annual room ~£100m -> ~£70m after these deals.
Source: Arsenal 2024/25 financial results (published).
Liverpoolmedium confidence est.up to£200mroom −£10m/yr
Liverpool can add roughly ~£150–200m of transfer fees this window before risking a Premier League fine, on five-year deals. A fee is spread over five years, so the budget is bigger than one season's room (about £55–80m a year). Wages still count in full, so a marquee signing may need a sale too.
Can spend on fees
~£150–200m
gross fees, 5-yr deals (est.)
Annual room
£55–80m
squad-cost room per year
Spent so far
£26m
net cash this window (exact)
Squad-cost ratio
74.8%
green 85% · red 115%
UEFA 70%
over by ~£35m
fine, not a ban
Confidence
Medium confidence estimate
Confirmed this window: 1 in (annual cost £10m) · 0 out (raised unknown, frees room). Annual room ~£75m -> ~£65m after these deals.
Source: Liverpool 2024/25 accounts (Matchday Finance) (published).
Man Unitedmedium confidence est.up to£150mroom −£15m/yr
Man United can add roughly ~£125–150m of transfer fees this window before risking a Premier League fine, on five-year deals. A fee is spread over five years, so the budget is bigger than one season's room (about £45–65m a year). Wages still count in full, so a marquee signing may need a sale too.
Can spend on fees
~£125–150m
gross fees, 5-yr deals (est.)
Annual room
£45–65m
squad-cost room per year
Spent so far
£35m
net cash this window (exact)
Squad-cost ratio
75.3%
green 85% · red 115%
UEFA 70%
over by ~£40m
fine, not a ban
Confidence
Medium confidence estimate
Confirmed this window: 1 in (annual cost £14m) · 0 out (raised unknown, frees room). Annual room ~£70m -> ~£55m after these deals.
Source: Manchester United 2024/25 accounts (published).
Ipswichmedium confidence est.up to£125m
Ipswich can add roughly ~£100–125m of transfer fees this window before risking a Premier League fine, on five-year deals. A fee is spread over five years, so the budget is bigger than one season's room (about £35–50m a year). Wages still count in full, so a marquee signing may need a sale too.
Can spend on fees
~£100–125m
gross fees, 5-yr deals (est.)
Annual room
£35–50m
squad-cost room per year
Spent so far
nothing yet
net cash this window (exact)
Squad-cost ratio
62.6%
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Medium confidence estimate
Source: Ipswich Town 2024/25 accounts (YE 30 Jun 2025) (published).
Newcastlemedium confidence est.At limitroom +£65m/yr
Newcastle is about at the squad-cost limit, so only small moves are likely without an offsetting sale.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£0m
squad-cost room per year
Spent so far
−£75m
net cash this window (exact)
Squad-cost ratio
103.5%
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Medium confidence estimate
Confirmed this window: 0 in (annual cost unknown) · 1 out (raised £75m, frees room). Annual room ~−£65m -> ~−£0m after these deals.
Source: Newcastle United 2024/25 accounts (Matchday Finance) (published).
Crystal Palacemedium confidence est.At limitroom −£15m/yr
Crystal Palace is about at the squad-cost limit, so only small moves are likely without an offsetting sale.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£5m
squad-cost room per year
Spent so far
£35m
net cash this window (exact)
Squad-cost ratio
81.6%
green 85% · player-wage floor 67.3%
UEFA 70%
over by ~£30m
fine, not a ban
Confidence
Medium confidence estimate
Confirmed this window: 1 in (annual cost £14m) · 0 out (raised unknown, frees room). Annual room ~£10m -> ~−£5m after these deals.
Also flagged: negative net assets (−£36m). A risk indicator, not an automatic fail.
Source: CPFC 2010 Limited official accounts (YE 30 Jun 2025) (published).
Aston Villamedium confidence est.Sell firstroom +£30m/yr
Aston Villa is over the squad-cost line on these figures: it needs to sell players or cut wages by about ~£10m of annual cost before buying without risking a fine.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£10m
squad-cost room per year
Spent so far
−£35m
net cash this window (exact)
Squad-cost ratio
94.1%
green 85% · red 115%
UEFA 70%
over by ~£105m
fine, not a ban
Confidence
Medium confidence estimate
Confirmed this window: 0 in (annual cost unknown) · 1 out (raised £35m, frees room). Annual room ~−£40m -> ~−£10m after these deals.
Source: Aston Villa 2024/25 accounts (Matchday Finance) (published).
Bournemouthmedium confidence est.Sell first
Bournemouth is over the squad-cost line on these figures: it needs to sell players or cut wages by about ~£10m of annual cost before buying without risking a fine.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£10m
squad-cost room per year
Spent so far
nothing yet
net cash this window (exact)
Squad-cost ratio
89.5%
green 85% · red 115%
UEFA 70%
over by ~£55m
fine, not a ban
Confidence
Medium confidence estimate
Source: AFC Bournemouth 2024/25 accounts (Matchday Finance) (published).
Evertonmedium confidence est.Sell first
Everton is over the squad-cost line on these figures: it needs to sell players or cut wages by about ~£20m of annual cost before buying without risking a fine.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£20m
squad-cost room per year
Spent so far
nothing yet
net cash this window (exact)
Squad-cost ratio
93.1%
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Medium confidence estimate
Source: Everton 2024/25 annual report (published).
Brentfordmedium confidence est.Sell first
Brentford is over the squad-cost line on these figures: it needs to sell players or cut wages by about ~£25m of annual cost before buying without risking a fine.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£25m
squad-cost room per year
Spent so far
nothing yet
net cash this window (exact)
Squad-cost ratio
96.8%
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Medium confidence estimate
Source: Brentford 2024/25 financial results (published).
Brightonmedium confidence est.Sell first
Brighton is over the squad-cost line on these figures: it needs to sell players or cut wages by about ~£25m of annual cost before buying without risking a fine.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£25m
squad-cost room per year
Spent so far
nothing yet
net cash this window (exact)
Squad-cost ratio
94.1%
green 85% · red 115%
UEFA 70%
over by ~£65m
fine, not a ban
Confidence
Medium confidence estimate
Also flagged: negative net assets (−£10m). A risk indicator, not an automatic fail.
Source: Brighton 2024/25 annual accounts (published).
Fulhammedium confidence est.Sell first
Fulham is over the squad-cost line on these figures: it needs to sell players or cut wages by about ~£40m of annual cost before buying without risking a fine.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£40m
squad-cost room per year
Spent so far
nothing yet
net cash this window (exact)
Squad-cost ratio
102%
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Medium confidence estimate
Source: Fulham 2024/25 financial results (published).
Forestmedium confidence est.Sell firstroom −£20m/yr
Forest is over the squad-cost line on these figures: it needs to sell players or cut wages by about ~£80m of annual cost before buying without risking a fine.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£80m
squad-cost room per year
Spent so far
£71m
net cash this window (exact)
Squad-cost ratio
110.9%
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Medium confidence estimate
Confirmed this window: 2 in (annual cost £36m) · 2 out (raised £18m, frees room). Annual room ~−£60m -> ~−£80m after these deals.
Also flagged: negative net assets (−£5m). A risk indicator, not an automatic fail.
Source: Nottingham Forest 2024/25 accounts (published).
Chelseamedium confidence est.Sell firstroom −£5m/yr
Chelsea is over the squad-cost line on these figures: it needs to sell players or cut wages by about ~£150m of annual cost before buying without risking a fine.
Can spend on fees
needs sales first
gross fees, 5-yr deals (est.)
Annual room
~−£150m
squad-cost room per year
Spent so far
£16m
net cash this window (exact)
Squad-cost ratio
111.2%
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Medium confidence estimate
Confirmed this window: 1 in (annual cost £6.4m) · 0 out (raised unknown, frees room). Annual room ~−£145m -> ~−£150m after these deals.
Source: Chelsea 2024/25 financial results (published).
Coventrylow confidence est.No estimate yet
Not enough public data to estimate Coventry's room yet.
Can spend on fees
unknown
gross fees, 5-yr deals (est.)
Annual room
unknown
squad-cost room per year
Spent so far
£18m
net cash this window (exact)
Squad-cost ratio
unknown
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Low confidence estimate
Confirmed this window: 2 in (annual cost £7.2m) · 0 out (raised unknown, frees room). Annual room unknown -> unknown after these deals.
Source: Coventry City 2024/25 Championship accounts (published).
Hulllow confidence est.No estimate yet
Not enough public data to estimate Hull's room yet.
Can spend on fees
unknown
gross fees, 5-yr deals (est.)
Annual room
unknown
squad-cost room per year
Spent so far
nothing yet
net cash this window (exact)
Squad-cost ratio
unknown
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Low confidence estimate
Also flagged: negative net assets (−£42m). A risk indicator, not an automatic fail.
Source: Hull City 2024/25 Championship accounts (published).
Leedslow confidence est.No estimate yet
Not enough public data to estimate Leeds's room yet.
Can spend on fees
unknown
gross fees, 5-yr deals (est.)
Annual room
unknown
squad-cost room per year
Spent so far
nothing yet
net cash this window (exact)
Squad-cost ratio
unknown
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Low confidence estimate
Source: Leeds United 2024/25 Championship accounts (published).
Sunderlandlow confidence est.No estimate yet
Not enough public data to estimate Sunderland's room yet.
Can spend on fees
unknown
gross fees, 5-yr deals (est.)
Annual room
unknown
squad-cost room per year
Spent so far
nothing yet
net cash this window (exact)
Squad-cost ratio
unknown
green 85% · red 115%
UEFA 70%
n/a
not in Europe
Confidence
Low confidence estimate
Source: Sunderland 2024/25 Championship accounts (published).
How we estimate this ▾Show less ▴
Spend room estimates annual accounting cost, not cash spend. Public estimates may differ from club and league submissions. A public-source estimate with a confidence band, never an official club or league figure.
Premier League squad-cost ratio (SCR) from 2026/27: green at 85% of football revenue plus net player-sale result, red at 115%. “Room to buy” is this domestic 85% line. UEFA 70% is a separate, stricter overlay for European clubs: over it is a squad-cost contribution / fine, not a transfer ban, so it sets the band but not the room. Squad cost counts wages, agent fees and transfer amortisation. Net cash spend is not regulatory room.
Room to buy is an ANNUAL figure. A fee is amortised over five years, so a club can pay a bigger fee than its annual room (only fee/5 lands each year) but it commits future years too, and the wage counts in full every year. Each club’s squad cost already carries the amortisation of past windows, so heavy recent buying shows up as less room now.
The window is shut
Silly Season returns when the transfer window reopens: the summer window from 10 June, the winter window in January. Until then there are no in-window moves to report, and the desk does not invent them.
Rumour mill
Unconfirmed reports, each attributed to the outlet that ran it. Rumours are not forecasts and never touch a rating or a projection. Nothing here is written by the desk: a report only appears once a sourced, dated entry is added.
No sourced rumours yet.