Tottenham Hotspur were the only Premier League club to make a profit from their transfer dealings over the last two windows.

A string of sales last summer was led by Paulinho’s £9.9 million move to Guangzhou Evergrande. Lewis Holtby, Etienne Capoue, Roberto Soldado, Vlad Chiriches, Aaron Lennon and Benjamin Stambouli also left the club, while there was only a modest outlay on players such as Toby Alderweireld and Son Heung-min.

Manchester City had the biggest net spend by a comfortable margin with a £124.4 million outlay, spending on the likes of Raheem Sterling, Nicolas Otamendi and Kevin De Bruyne.

Eight of the 10 bottom-half sides spent more than second-placed Arsenal whose recruitment drive cost £15.6 million.