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Juventus, Barca win January transfer window; Arsenal, Ousmane Dembele the biggest losers

Given the financial challenges of the COVID-19 pandemic, the January transfer window was surprisingly busy as clubs made mid-season moves to try and strengthen their sides.

According to Transfermarkt, the Premier League (€335 million) spending was actually the second-highest in history, with Liverpool's move for FC Porto winger Luis Diaz (€45m) and Newcastle's signing of Bruno Guimaraes (€42.1m) leading the way. Tottenham, Everton and Aston Villa also parted with a decent amount of money, while Man City sealed a deal for River Plate's Julian Alvarez (€17m) and sent him back on loan until the summer.