Chelsea boss Roman Abramovich looks set to lead the way this summer having spent more than £75m on Eden Hazard (£32m), Oscar (£25m), Victor Moses (£9m) and Cesar Azpilicueta (£7m). Manager Roberto Di Matteo remains in the market for a striker especially if Daniel Sturridge moves to Liverpool.
But none of Arsenal (Santi Carzola £16m, Olivier Giroud £10m, Lukas Podolski £11m), Manchester City (Jack Rodwell £15m), Manchester United (Robin Van Persie £24m and Shinji Kagawa £12m), or Liverpool (Fabio Borini £11m, Joe Allen £15m, Oussama Assaidi £3m) have come close to matching the £50m plus each club spent last summer.
With the annual revenue of the Premier League increasing by over 80%, according to Deloitte's, since the introduction of the transfer window system to over £2.2bn per season, so it follows that we have seen considerable investment in player transfer fees during the same period.
There is, however, still time for that to change.
Manchester City, QPR and Tottenham are the most active to spend big in the final day of this window.