Paris - Liverpool's record sale of Philippe Coutinho to Barcelona and acquisition of Virgil Van Dijk from Southampton pushed January transfer window spending to new heights, a FIFA report published on Friday revealed.
La Liga giants Barca led the way with the €160 million signature of Brazilian attacking midfielder Coutinho as Spanish clubs spent more money than in the previous seven January windows put together - their $361.3 million represented a massive 560.4 percent increase on 2017.
English clubs still outstripped the Spanish, though, as Liverpool paid £75 million for central defender Van Dijk.
Manchester City also forked out for a defender with Aymeric Laporte costing £57 million from Athletic Bilbao while Arsenal splashed 56 million on Gabon striker Pierre-Emerick Aubameyang from Borussia Dortmund.
English clubs spent $482.8 million, a 181 percent increase on last year.
The FIFA TMS platform that tracks international transfers said a total of $1.28 billion was spent despite only 15 percent of the 3,317 transfers around the world commanding a fee.
Teams from the 'big five' leagues of England, Spain, Germany, Italy and France spent €784 million in January, up 70.5 percent on the equivalent period in 2017, although outlay in the latter three actually went down.