3. Paris Saint-Germain
January spending: £20.8m
The Ligue 1 giants splashed the cash to sign Yohan Cabaye from Newcastle United, as Laurent Blanc looked to strengthen his midfield department at Parc des Princes.
After a busy summer, it was a comparatively quiet mid-season window for PSG, but expect them to be active again in the summer, as they look to strengthen their tilt at the Champions League.