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FIFA: January Window Sets Transfer Volume Record as Spending Falls to $1.95 Billion

England led spending, with France the top seller.

Overview

  • FIFA logged 5,973 international transfers in January, a 3% increase year over year and a new high for the winter window.
  • Total fees reached about $1.95 billion, an 18% decline from January 2025’s $2.35 billion peak.
  • English clubs spent roughly $363 million, ahead of Italy’s $283 million, while French clubs earned $218 million from sales.
  • Brazil rose into the top three spenders at about $180 million, helped by Flamengo’s reported $49 million signing of Lucas Paquetá from West Ham, as Saudi outlay slipped to sixth at $101 million.
  • In the women’s market, spending set a January record at over $10 million, up 85%, even as the number of transfers fell 6% to 420.