Clubs worldwide spent a record $2.35 billion on international transfers in men's soccer in the January window, nearly a 58% increase from last year, world soccer's governing body FIFA said in a study published on Friday.

Transfer activity during the 2024-25 winter window set new records in numbers and total spending, according to a report published by football governing body FIFA on Friday. According to the organization,

Global transfers during the January window broke the $2 billion (£1.6bn) mark for first time in the men's game according to FIFA data.

The January 2025 transfer window shattered records across the footballing world, with global spending hitting an unprecedented $2.35 billion, according to FIFA’s International Transfer Snapshot. This marks a nearly 20% increase from the previous January high set in 2024.