Who Won The Premier League Transfer Window in Summer 2025?

Liverpool spent the most on incoming players but did they get good value? Did they sell their departees for more than they were worth?

Liverpool won the transfer window hands down. They signed the three most expensive players so how can any other side have bettered them?

This is the logic that a lot of fans would apply. Me? I don’t believe the question in the heading of this article can be answered satisfactorily. You can only establish if a move worked out once the player in question has left the club.

The collections of talent accrued this summer will inevitably move on at different times too. This doesn’t mean it isn’t fun to try to establish which Premier League team has worked the market most effectively this summer.

We’d have looked at net spend in the old days before we knew any better. It is far too simplistic, a single snapshot of a never ending player trading process. Wolves are in credit from their business this summer at the cost of diving head first into a relegation battle. They may lose far more than their recent trading profit next May.

For the Reds to have a lower net spend than Arsenal illustrates that the former is the far better seller. Per Transfermarkt, the Gunners’ second highest value sale of all time was Nicolas Anelka. He left the club in the last millennium.

There’s also the question of addressing the needs of the club when assessing the success of their transfer window. Liverpool look to be a senior forward short - unless Rio Ngumoha truly is ready to challenge Cody Gakpo - with similar concerns at the heart of the defence. Their hugely exciting transfer window was not perfect.

We need to assess the quality of the signings made. One way is to use the market value data on Transfermarkt. They use the wisdom of crowds to establish a theoretical value for every player, which means we can establish if each club has under- or over-paid for their transfers. The Reds did okay in this regard but rivals did better.