The January transfer window is notorious for not offering value, but this does not mean that we will not see some last minute panic buying, not least by clubs seeking to avoid relegation and the loss of Premier League riches.
However, it is mainly second tier players that are likely to be available and even struggling clubs may be reluctant to spend. Clubs are reluctant to part with genuine assets at this stage of the season, leading to inflated transfer fees and wages. Loan deals may be the solution for some clubs, e.g., Crystal Palace are hoping to lure Dominic Solanke from Liverpool for the rest of the season.
It seems unlikely that clubs will match the £431m spent last year. Most of the top tier clubs have indicated they have no plans for big signings. It looks like being a transfer window when clubs near the bottom will be most active, but they will face the challenge of buying in a seller's market. Most clubs will limit themselves to small tweaks, taking a small financial risk on a player, and trying to move out dead wood.
It is noticeable how the Premier League has already split into three leagues. There is a six point gap between the last of the top six (Manchester United) and the next club (Wolves). Six points separate Brighton, the last of the mid-table clubs and their rivals Crystal Palace at the head of the relegation league.
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