Premier League spending for the 2015/16 season hit a record high of over £1bn thanks to a total of £175m being spent in the January transfer window.
The £175m shelled out by English clubs last month is £50m short of the record with most of the big sides opting against spending big.
It was the clubs in the middle and bottom half of the Premier League table that have spent big in a bid to catch up with the teams at the top.
Meanwhile, clubs in the bottom six splashed out £90m, more than half of total Premier League spending.
Around £40m was spent on deadline day, £5m less than seen on the January deadline day last year.
Serie A clubs in Italy were the next highest spenders behind Premier League sides at around £50m, German clubs spent £35m, while the total in both the Spanish and French top flight was around £26m.
Figures from a report by financial analysts Deloitte showed this January’s window saw the highest spend by Premier League clubs on players from overseas clubs of £110m, compared with £65m in January 2015.
But the acquisition of new players from Football League clubs totalled only £20m. Championship clubs’ transfer spending was around £35m, with clubs in the top six league positions accounting for around 70% of that outlay.