Premier League clubs have spent £247m this month - up from last year's £90m total - with a week left to go in the January transfer window.
According to data from FootballTransfers.com, external, Manchester City are responsible for more spending this month - about £125m - than the other 19 Premier League clubs combined.
With another seven days left, the spending will likely rise but is unlikely to get near the 2023 record of £815m.
Ligue 1 is the next highest spending league this month, on £106m, although over half of that was PSG's £59m signing of Napoli star Khvicha Kvaratskhelia.