| Players Purchased | Fee Paid | Players Sold | Fee Sold | Net Total |
|---|---|---|---|---|
| Scott Carson | £1,000,000 | El Hadji Diouf | £4,000,000 | |
| Fernando Morientes | £6,300,000 | Vladimir Smicer | Free | |
| Mauricio Pellegrino | Free | Stephane Henchoz | Free | |
| Antonio Nunez | Swap | Chris Butler | Free | |
| Xabi Alonso | £10,500,000 | Michael Owen | £8,000,000 | |
| Luis Garcia | £6,000,000 | Danny Murphy | £2,500,000 | |
| Josemi | £2,000,000 | Markus Babbel | Free | |
| Djibril Cisse | £14,000,000 | |||
| Total | £39,800,000 | £14,500,000 | £25,300,000 |
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