Ranking Serie A’s biggest spenders in 2026 winter transfer window

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·3 February 2026

Ranking Serie A’s biggest spenders in 2026 winter transfer window

Lazio were the biggest spenders in Serie A during the winter transfer window, while Juventus were the only club not to spend a penny as they secured Jeremie Boga and Emil Holm on free loan deals.

The winter transfer window for Serie A clubs ended on Monday, February 2, so it’s time to review the activity of every team in Italy’s top flight, including how much they spent over the last month.

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Serie A: Lazio the biggest spenders in 2026 winter transfer window

LECCE, ITALY – JANUARY 24: Kenneth Taylor of SS Lazio during the Serie A match between US Lecce and SS Lazio at Stadio Via del Mare on January 24, 2026 in Lecce, Italy. (Photo by Marco Rosi – SS Lazio/Getty Images)

Lazio had been imposed a transfer embargo during the summer transfer window, so it is not entirely surprising to see the Biancocelesti spend more than any other club in Italy during the January window.

Furthermore, Maurizio Sarri saw two regular starters, Matteo Guendouzi and Valentin Castellanos, leave the Olimpico last month, so the Bianconcelesti had to sign replacements in central midfield and attack.

MILAN, ITALY – JANUARY 18: Niclas Fullkrug of AC Milan celebrates scoring his team’s first goal during the Serie A match between AC Milan and US Lecce at Giuseppe Meazza Stadium on January 18, 2026 in Milan, Italy. (Photo by Marco Luzzani/Getty Images)

As reported by Transfermarkt, Milan spent €8m to sign promising Verona midfielder Alphadjo Cissè, 19, who was then sent to Serie B side Catanzaro on loan.

The Rossoneri also signed Niclas Fullkrug from West Ham, on loan with an option to buy.