There are two windows in each yearone beginning on July 1 and ending on August 31 and the other starting on January 1 and finishing on the final day of the month unless that day falls on the weekend as it does on this occasion.
It's about time Transfer Deadline Day was made a bank holiday.
While most of the business is done during the month long period, the frenetic nature of deadline day means some clubs are left waiting until the final minutes to get their deals done — leading to masses of excitement, cynicism and often disappointment from fans across social media.
Supporters stay up late in front of the television awaiting the very latest news from their respective clubs with hopes for a last minute superstar signing becoming increasingly desperate.
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In Spain, where the window closed on Friday, clubs spent $79.5 million during the transfer window up from $53.7 million at the same time last year.
Real Madrid’s signing of Brazilian midfielder Lucas Silva from Cruizero for a fee believed to be in the region of $14.5 million and Norwegian wonderkid Martin Odegaard took the headlines.
Read: How to spot talent
