English football's transfer window has closed and there haven't been any last-minute deals to match the $74 million paid by Manchester United for Chelsea midfielder Juan Mata last week.
In perhaps the most notable transfer, Premier League strugglers Fulham have loaned languid Bulgarian striker Dimitar Berbatov out, to French side Monaco.
Fulham also signed German international midfielder Lewis Holtby on loan from Tottenham Hotspur and loaned out Swiss defender Philippe Senderos to Spanish side Valencia.
London rivals Arsenal have signed experienced Sweden international Kim Kallstrom on loan from Spartak Moscow, also until the end of the season, to bolster the Gunners' depleted midfield.
With Aaron Ramsey out for up to six weeks, Jack Wilshere nursing an ankle strain and Mathieu Flamini banned for four games, manager Arsene Wenger turned to Kallstrom, 31, whose previous clubs include Djurgardens, Stade Rennes and Olympique Lyon.
More than $200 million was expected to be splashed out by the 20 English Premier League clubs in the January transfer window.
Deloitte's Sports Business Group says $180 million has already been spent on new players, topped by the $74 million paid by Manchester United to Chelsea for midfielder Juan Mata.
Chelsea reinvested some of the money garnered from Mata's sale with a fourth purchase, buying 19-year-old French centre-back Kurt Zouma from Saint-Etienne before loaning him back to the Ligue 1 side.
Nemanja Matic, Mohamed Salah and Bertrand Traore have already joined Chelsea, while the threat of relegation prompted Fulham to pay around $25 million to Olympiakos for Greek international striker Konstantinos Mitroglou.
Manchester United's 21-year-old England winger Wilfried Zaha was given an opportunity to prove his ability when he was allowed to move to Cardiff City on loan.
Elsewhere, Crystal Palace spent around $6 million to sign Wales international goalkeeper Wayne Hennessey from Wolverhampton Wanderers, while Scotland midfield Liam Bridcutt joined Sunderland from Brighton and Hove Albion.