Federation Internationale de Football Association announces that next season's Premier League transfer window will open on June 9, with clubs only allowed to sign players until the start of the campaign.
Traditionally, January has been known as a risky month to spend and managers talk about struggling to get value.
Despite all that, the deadline day spending of £150m is a new record and takes the total spending for the month up to £430m - which is an obscene amount of money. January was not about Jim White and his yellow tie, or Harry Redknapp sticking his head out of a auto window; major moves actually happened.
However, they strengthened what was probably their only area of weakness in the first team with the capture of Aymeric Laporte from Athletic Bilbao.
Arsene Wenger's Gunners head to south Wales full of confidence after dismantling Crystal Palace 4-1 in the League, beating Chelsea in the EFL Cup and adding Henrikh Mkhitaryan to their squad, but must be wary of a slip-up as they sit five points off the top four.
Arsenal broke their transfer record on deadline day to bring Pierre Emerick Aubameyang to the Emirates Stadium from Borussia Dortmund. Not only that, they made Mesut zil their highest paid player on £350,000 per week.
Brazil winger Lucas challenged his new Spurs team-mates to win the Champions League after arriving from PSG for a reported £25m.
Recent January windows have involved the Premier League's bottom six clubs contribute the majority of gross expenditure, as they invest in an attempt to ensure survival.
A year ago, these same clubs collectively spent £40,000 - this year in a 662,400 per cent increase the total came to £265m.
Spending records in transfer windows appear to be getting broken all the time and this season has proved no different.
Deloitte's Sports Business Group estimates spending by Premier League clubs in the 2017/18 season to be a record £1.9 billion, eclipsing last season's record of £1.4 billion.
January is supposedly never the ideal time to buy players in terms of planning yet Premier League clubs spent a record £430 million in the winter transfer window that closed Wednesday night, according to Deloitte's Sports Business Group, exceeding the previous record set in 2011 by a staggering 91%.
Unusually for a winter window, almost two-thirds of the gross expenditure was by the top six while the bottom six accounted for about a fifth.