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In a time of economic recession the footballing giants of the western world are finally showing some restraint in what has been the quietest transfer window in recent memory. Deals so far this January have been few and far between and no one in particular has splashed any kind of big money.

Are clubs finally showing a sense of fiscal responsibility? or are owners simply biding their time when they hope to make some major moves in the summer - possibly under new management! The action on 31st January will surely give us a clue.

Top Deals: Thierry Henry (New York to Arsenal, loan), Robbie Keane (Los Angeles to Aston Villa, loan), Gary Cahill (Bolton to Chelsea, £7m), Tim Ream (New York to Bolton, undisclosed), Nicolas Anelka (Chelsea to Shanghai, undisclosed), Alex (Chelsea to PSG, £4m), Darron Gibson (Manchester United to Everton, £2.5m), Taye Taiwo (AC Milan to QPR, loan), Paul Scholes (un-retired), Landon Donovan (Los Angeles to Everton, loan), Roman Pavlyuchenko (Tottenham to Lokomotiv Moscow, undisclosed)

Deadline Day Deals:  Kevin De Bruyne (Genk to Chelsea to Genk, sale / loan), Philipp Prosenik (Chelsea to AC Milan, undisclosed), Andy Keogh (Wolves to Milwall, undisclosed), Marcus Olsson (Halmstads to Blackburn, free), Matthew Connolly (QPR to Reading, loan), Adam Smith (Tottenham to Leeds, loan), Wayne Bridge (Man City to Sunderland, loan), Ryo Miyaichi (Arsenal to Bolton, loan), Vedran Corluka (Tottenham to Bayer Leverkusen, loan), Djibril Cisse (Lazio to QPR, £4m), Liam Ridgewell (Birmingham to West Brom, undisclosed), Bradley Orr (QPR to Blackburn, undisclosed), Thomas Eisfeld (Dortmund to Arsenal, £420,00), Sotirios Kyrgiakos (Wolfsburg to Sunderland, loan), Nikica Jelavic (Rangers to Everton, £5.5m), Martin Hansen (Liverpool to Viborg, undisclosed), Milan Lalkovic (Chelsea to ADO Den Haag, loan), Ravel Morrison (Manchester United to West Ham, undisclosed), Frederic Veseli (Manchester City to Manchester United, undisclosed), Patrick Bamford (Nottingham Forest to Chelsea, £1.5m), David Pizarro (Roma to Manchester City, loan), Keith Andrews (Blackburn to West Brom, undisclosed), Louis Saha (Everton to Tottenham, loan), Bobby Zamora (Fulham to QPR, £4m), Danny Higginbotham (Stoke to Nottingham Forest, loan), Curtis Obeng (Wrexham to Swansea, undisclosed), Ryan Williams (Portsmouth to Fulham, undisclosed), Ryan Bennett (Peterborough to Norwich, undisclosed), Roman Pavlyuchenko (Tottenham to Lokomotiv Moscow, £8m), Steven Pienaar (Tottenham to Everton, loan), Ryan Nelsen (Blackburn to Tottenham, nominal), Pavel Pogrebnyak (Stuttgart to Fulham, undisclosed)

Arsenal (In:2, Out:11):

In - Thierry Henry (New York, loan), Thomas Eisfeld (Dortmund, £420,00)

Out - Emmanuel Frimpong (Wolves, loan), Vito Mannone (Hull City, loan), Luke Freeman (Stevenage, undisclosed), Sead Hajrovic (Barnet, loan), Wellington (Alcoyano, loan), Daniel Boateng (Swindon, loan), Sanchez Watt (Crawley, loan), Gavin Hoyte (Crawley, loan), Rhys Murphy (Preston, loan), Chuks Aneke (Stevenage, loan), Ryo Miyaichi (Bolton, loan)

Aston Villa (In:2, Out:4):

In - Enda Stevens (Shamrock, undisclosed), Robbie Keane (Los Angeles, loan)

Out - Elliot Parish (Cardiff, undisclosed), Fabian Delph (Leeds United, loan), Nathan Delfouneso (Leicester, loan), Shane Lowry (Millwall, undisclosed) 

Blackburn Rovers (In:3, Out:2):

In - Anthony Modeste (Bordeaux, loan), Marcus Olsson (Halmstads, free), Bradley Orr (QPR, undisclosed)

Out - Jason Roberts (Reading, undisclosed), Keith Andrews (West Brom, undisclosed), Ryan Nelsen (Tottenham, nominal)

Bolton Wanderers (In:2, Out:2):

In - Tim Ream (New York, undisclosed), Ryo Miyaichi (Arsenal, loan)

Out - Gary Cahill (Chelsea, £7m), Jack Sampson (Southend, loan)

Chelsea (In:2, Out:11):

In - Gary Cahill (Bolton, £7m), Kevin De Bruyne (Genk, £7m), Patrick Bamford (Nottingham Forest, £1.5m)

Out - Nicolas Anelka (Shanghai, undisclosed), Alex (PSG, £4m), Sam Walker (Yeovil, loan), Josh McEachran (Swansea, loan), Patrick van Aanholt (Vitesse, loan), Ben Gordon (Kilmarnock, loan), Gael Kakuta (Dijon, loan), Rhys Taylor (Rotheram, loan), Kevin de Bruyne (Genk, Loan), Philipp Prosenik (AC Milan, undisclosed), Milan Lalkovic (ADO Den Haag, loan)

Everton (In:4, Out:3):

In - Landon Donovan (Los Angeles, loan), Darron Gibson (Manchester United, £2.5m), Nikica Jelavic (Rangers, £5.5m), Steven Pienaar (Tottenham, loan)

Out - Aristote Nsiala (Accrington, loan), Diniyar Bilyaletdinov (Spartak Moscow, £5m), Louis Saha (Tottenham, nominal)

Fulham (In:4, Out:2):

In - Jack Grimmer (Aberdeen, undisclosed), Lasse Vigen Christensen (Copenhagen, undisclosed), Ryan Williams (Portsmouth, undisclosed), Pavel Pogrebnyak (Stuttgart, undisclosed)

Out - Alexander Kacaniklic (Watford, loan), Bobby Zamora (QPR, £4m)

Liverpool (In:2, Out:2):

In - Marc Pelosi (De Anza Force, undisclosed), Danny Ward (Wrexham, undisclosed)

Out - Danny Wilson (Blackpool, loan), Martin Hansen (Viborg, undisclosed)

Manchester City (In:1, Out:8):

In - David Pizarro (Roma, loan)

Out - Kieran Tripper (Burnley, undislcosed), Chris Chantler (Carlisle, undisclosed), Alex Nimely (Coventry, loan), Nedum Onouha (QPR, undisclosed), Harry Bunn (Preston North End, Loan), Wayne Bridge (Sunderland, loan), Frederic Veseli (Manchester United, undisclosed)

Manchester United (In:2, Out:7)

In - Paul Scholes (un-retired), Frederic Veseli (Manchester City, undisclosed)

Out - Federico Macheda (QPR, loan), John Coffie (Royal Antwerp, loan), Darron Gibson (Everton, £2.5m), Joshua King (Hull City, loan), Daniel Drinkwater (Leicester, undisclosed), Mame Biram Diouf (Hannover, undisclosed), Ravel Morrison (West Ham, undisclosed)

Newcastle United (In:1, Out:2)

In - Papiss Demba Cisse (Freiburg,  £10m)

Out - Alan Smith (MK Dons, loan), James Tavernier (MK Dons, loan)

Norwich (In:2, Out:3):

In - Jonathan Howson (Leeds, undisclosed), Ryan Bennett (Peterborough, undisclosed)

Out - George Francomb (Hibs, loan), Oli Johnson (Swindon, free), Korey Smith (Barnsley, loan)

Queens Park Rangers (In:6, Out:3):

In - Federico Macheda (Man United, loan), Nedum Onouha (Man City, undisclosed), Taye Taiwo (AC Milan, loan), Samba Diakite (Nancy, loan), Djibril Cisse (Lazio,£4m), Bobby Zamora (Fulham, £4m)

Out - Matthew Connolly (Reading, loan), Martin Rowlands (released), Bradley Orr (Blackburn, undisclosed)

Stoke City (In:0, Out:7):

In -

Out - Danny Pugh (Leeds, undisclosed), Tom Soares (Hibs, loan), Michael Tonge (Barnsley, loan), Florent Cuvelier (Walsall, loan), Ryan Brunt (Tranmere, loan), Matthew Lund (Bristol Rovers, loan), Danny Higginbotham (Nottingham Forest, loan)

Sunderland (In:2, Out:9):

In - Wayne Bridge (Man City, loan), Sotirios Kyrgiakos (Wolfsburg, loan) 

Out - Jordan Pickford (Darlington, Loan), Ryan Noble (Derby County, loan), Jordan Cook (Carlisle United, Loan), Louis Laing (Wycombe Wanderers, Loan), Trevor Carson (Hull City, Loan), Liam Noble (Carlisle United, Free), Nyron Nosworthy (Watford, Undisclosed), John Egan (Crystal Palace, Loan), Blair Adams (Northampton, Loan)

Swansea (In:5, Out:1):

In - Josh McEachran (Chelsea, Loan), Rory Donnelly (Cliftonville, undisclosed), Darnel Situ Buyente (Lens, undisclosed), Gylfi Sigurdsson (TSG Hoffenheim, loan), , Curtis Obeng (Wrexham, undisclosed)

Out - Lee Lucas (Burton, loan)

Tottenham Hotspur (In:3, Out:13):

In - Yago Falque (Juventus, undisclosed), Louis Saha (Everton, nominal), Ryan Nelsen (Blackburn, nominal)

Out - John Bostock (Sheffield Wednesday, Loan), Thomas Carroll (Derby County, Loan), Yago Falqué (Southampton, Loan), Dean Parrett (Yeovil Town, Loan), Ryan Glen Mason (Millwall, Loan), Harry Kane (Millwall, Loan), David Button (Doncaster Rovers, Loan), Andros Townsend (Leeds United, Loan), Adam Smith (Leeds, loan), Sebastien Bassong (Wolves, loan), Roman Pavlyuchenko (Lokomotiv Moscow, £8m), Steven Pienaar (Everton, loan)

West Brom (In:3, Out:5):

In - Scott Allan (Dundee, undisclosed), Liam Ridgewell (Birmingham, undisclosed), Keith Andrews (Blackburn, undisclosed)

Out - Roman Bednar (Blackpool, Free), Romaine Sawyers (Shrewsbury Townm, Loan), Lateef Elford Alliyu (Tranmere Rovers, Loan), Chris Wood (Bristol City, Loan), James Hurst (Chesterfield, Loan)

Wigan Athletic (In:1, Out:1):

In - 

Out - Jordan Mustoe (Barnet, loan)

Wolverhampton Wanderers (In:3, Out:6):

In - Eggert Jonsson (Hearts, undisclosed), Emmanuel Frimpong (Arsenal, loan), Sebastien Bassong (Tottenham, loan)

Out - Sam Vokes (Brighton, Loan),  Adlene Guedioura (Nottingham Forest, Loan), Jamie Reckord (Scunthorpe United, Loan), Sam Winnall (Inverness Caledonian Thistle, Loan), David Davis (Chesterfield, Loan), Scott Malone (AFC Bournemouth, Undisclosed), Andy Keogh (Milwall, undisclosed)

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File Photograph copyright: Barry Zee

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