Newcastle United paid out more than £34m in transfers this summer and recouped just £250k in sales.
It was a quiet deadline-day on Tyneside, with Peruvian prospect Rodrigo Vilca the only deal announced on the final day of the international window.
Steve Bruce had warned supporters ahead of the weekend victory over Burnley that the club had like concluded their business for senior summer recruits.
The biggest outlay was splashed on former Bournemouth striker and England international Callum Wilson, who has made an immediate impact on the pitch.
United also decided to invest in Norwich City full-back Jamal Lewis following a series of promising displays in the Canaries' doomed bid to avoid relegation last season.
The Magpies did not receive much in the way of player sales, and struggled to shift fringe players who had been earmarked for the exit door.
Despite impressing in pre-season, Dan Barlaser's decision to return to Rotherham United on a permanent basis was the only outgoing to earn the club any money.
Loan deals were negotiated for the likes of Florian Lejeune and Yoshinori Muto, while the club did release seven players in the summer including long-serving goalkeeper Rob Elliot.
However - despite outlining his wish for them to find new clubs - Bruce still has the likes of Rolando Aarons, Achraf Lazaar, and Henri Saivet in his squad.
All Newcastle transfers in summer 2020 and what each deal is worth
Ins:
Callum Wilson (Bournemouth) - £20m
Jamal Lewis (Norwich City) - £14m
Rodrigo Vilca (Deportivo Municipal) - £250k
Ryan Fraser (Free agent) - Free
Mark Gillespie (Free agent) - Free
Jeff Hendrick (Free agent) - Free
Total: £34.25m
Outs:
Dan Barlaser (Rotherham United) - £250k, with a 50% sell-on fee
Florian Lejeune (Alaves) - Loan
Yoshinori Muto (Eibar) - Loan
Luke Charman (released)
Jack Colback (released)
Rob Elliot (released)
Victor Fernandez (released)
Liam Gibson (released)
Nathan Harker (released)
Jamie Sterry (released)
Total: £250k
Net spend: £34m