Andy Carroll (Newcastle United – Liverpool) £35 million
If there is one transfer which screams panic buy then this is it. Liverpool legend Kenny Dalglish was in charge at Anfield and had the task of re-investing the £50 million which Chelsea had paid them for Fernando Torres. Transfer deadline day can bring out the excited child in a lot of Premier League managers but Newcastle United must have thought all of their Christmases had come at once when they were offered £35 million for target man Andy Carroll.