Manchester City have completed their squad overhaul - including a fully revamped midfield - to the tune of £458m, a new Premier League record for a summer window. But that eyewatering sum does not tell the full story. New Manchester City boss Enzo Maresca received the full backing of director of football Hugo Viana in his first transfer window in charge after replacing Pep Guardiola.
Indeed, City's record transfer fee was twice broken this summer. A joint-British record £125m was spent on Maresca's former Chelsea skipper Enzo Fernandez after £116m was committed on Elliot Anderson from Nottingham Forest. Morocco international Ayyoub Bouaddi, 18, was also brought in for £86m.
The trio accounted for the bulk of City's summer incomings. The departures of captain Bernardo Silva, 2024 Ballon d'Or winner Rodri, Tijjani Reijnders and Nico Gonzalez means the City midfield has been completely transformed. Senior club sources are said to be delighted by the business done not only during the past couple of months but in January too, when plans were brought forward to sign long-term targets Antoine Semenyo and Marc Guehi.
And if the clock is rewound further back, Manchester City's rebuild of the team that won the 2023 Champions League really began in January 2025 after a difficult start to that season. Just four players remain from the starting eleven and substitutes from the night they beat Inter Milan in Istanbul to win the continent's biggest club prize. Maresca now has the luxury of calling upon two established players in almost every position.
City feel the squad is stronger at this point than at the beginning of last season which they believe has been achieved by remaining calm and trusting the transfer strategy. How will their new midfield signings all fit together? And, despite the vast amount of money spent, have they actually left themselves without a back-up to Erling Haaland?
Deadlines, acrimony and a record as Man City back Maresca for Fernandez deal Ndiaye's journey from non-league football to £65m Man City move City's expenditure of £542m on new signings since the turn of the year will grab the headlines, but it often goes under the radar how well they do at selling fringe players. During this same period, they have recouped £334m, including £75m for Savinho, who scored only two Premier League goals during his time at City, as well as £65m for Rodri and £52m for Reijnders. It gives City a net spend of £208m in 2026, which will be further bolstered by Tottenham's obligation to buy Omar Marmoush for £60m at the end of his loan spell next season.
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