| Players Purchased | Fee Paid | Players Sold | Fee Sold | Net Total |
|---|---|---|---|---|
| Danny Murphy | £3,000,000 | Lee Jones | £100,000 | |
| Paul Ince | £4,200,000 | Stan Collymore | £7,000,000 | |
| Nicky Rizzo | signed | Ashley Neal | Free | |
| Oyvind Leonhardsen | £3,500,000 | John Scales | £2,600,000 | |
| Bjorn Kvarme | Free | Phil Charnock | Free | |
| Jorgen Neilson | £400,000 | Lee Brydon | Free | |
| Patrik Berger | £3,250,000 | David Larmour | Free | |
| Paul Dalglish | Trainee | |||
| Total | £14,350,000 | £9,700,000 | £4,650,000 |
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