Manchester City were the main movers on deadline day with the Barclays Premier League champions closing in on further additions to their squad with less than three hours to go until the transfer window slams shut.
Manager Roberto Mancini had bemoaned the lack of signings made by the club, but the Italian has been able to make a trio of additions thus far with defender Maicon, 31, winger Scott Sinclair, 23, and goalkeeper Richard Wright, 34, all moving to the Etihad Stadium.
Maicon has joined from Inter Milan while Sinclair has made his long-awaited switch from Swansea. Wright, meanwhile, joins after leaving Preston earlier in the summer.
And Mancini is set to make more acquisitions before 11pm as he closes in on a deal for Matija Nastasic from Fiorentina, with Stefan Savic set to move in the opposite direction, while City are also reportedly near to a deal for Benfica midfielder Javi Garcia.
There have also been departures from the ranks of the champions after midfielder Nigel de Jong made the switch to AC Milan and striker Roque Santa Cruz joined Malaga on a season-long loan.
Elsewhere, Dimitar Berbatov opted for a move to Fulham over a return to Tottenham while Rafael van der Vaart left White Hart Lane.
Berbatov has joined the Cottagers from Manchester United for an undisclosed fee on a two-year contract.
Craven Cottage boss Martin Jol had been confident of landing the Bulgarian, but there had been rumours Spurs could hijack the transfer after Sir Alex Ferguson this morning insisted a deal had not been completed.
But the 31-year-old has now become a Fulham player and is reunited with Jol, who managed him during their time at Tottenham.
Jol has also brought in Kieran Richardson from Sunderland on a three-year deal, with the fee undisclosed.
As well as missing out on Berbatov, current Spurs boss Andre Villas-Boas has seen Van der Vaart seal a move back to Hamburg.
Van der Vaart’s switch went through this afternoon after the Holland international passed his medical and signed a three-year deal.
Spurs have also reached agreement for the transfer of Mexico international Giovani Dos Santos to Mallorca, while full-back Danny Rose has been loaned to Sunderland.
The north London club have traditionally been busy on deadline day, and this time around they have also been linked with swoops for Porto midfielder Joao Moutinho and Lyon goalkeeper Hugo Lloris as time ticks down.
Liverpool’s pursuit of Clint Dempsey could be another deal to go down to the wire.
Fulham accepted an offer from Aston Villa for the United States international, but Dempsey is understood to only have eyes for a move to Anfield.
Reds boss Brendan Rodgers, who allowed £35million striker Andy Carroll to join West Ham on loan last night, has continued his overhaul at the club by also offloading Charlie Adam.
The Scotland midfielder has joined Stoke on a four-year deal for an undisclosed fee, believed to be in the region of £4million.
Jay Spearing is another to leave the Reds after he joined Bolton on a season-long loan.
Merseyside rivals Everton, meanwhile, signed Bryan Oviedo from FC Copenhagen on a four-year contract for an undisclosed fee.
The Costa Rican has been a regular starter for FCK after joining from Deportivo Saprissa in his homeland. The 22-year-old can operate at left-back and on the left side of midfield.
Southampton completed the signing of Gaston Ramirez from Bologna for an undisclosed fee, believed to be around £12million. The 21-year-old playmaker has signed a four-year contract at St Mary’s.
Arsenal have been linked with a loan move for Chelsea midfielder Michael Essien, who was left out of the Blues’ European Super Cup squad to face Atletico Madrid, but the only moves so far at the Emirates came in the form of players heading through the exit door.
Striker Nicklas Bendtner completed a season-long loan switch to Italian champions Juventus, with South Korean forward Park Chu-young heading to Celta Vigo in a similar deal.
With Sinclair gone, Swansea completed the signing of Valencia winger Pablo Hernandez for a club record fee of £5.55million.
QPR manager Mark Hughes, having recently added Julio Cesar and Esteban Granero, is also hoping to bring in Stephane Mbia from Marseille, with the midfielder currently undergoing a medical.
Michael Owen’s future remains up in the air. The former England striker had attracted interest from Stoke, with Everton and several other clubs reportedly interested.
But as Owen is a free agent, any deal for his services does not have to be completed by 11pm tonight.