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The 2024 January transfer window did not reach the heights of the summer, or even the previous January, as clubs around Europe did little business.
While England's Premier League teams spent a record €2.79 billion during the summer window and €842 million in January 2023, Transfermarkt reveals that figure to be around €121m this month.
In Europe's other top leagues, it was a similar story. It is fair to say the transfer bubble has burst due to new financial regulations and a lack of available options.
Indeed, in France's Ligue 1 (€192m), Italy's Serie A (€101m), Germany's Bundesliga (€82m) and Spain's LaLiga (€86m) clubs also spent less.