Spurs could make late swoop for $48m teen as rival deal stalls; Chelsea trio for sale: Rumour Mill

It’s been a quiet January transfer window in the Premier League so far, with most teams restricted from splashing too much cash due to a major crackdown on teams breaching financial rules.

Under the PL’s Profit and Sustainability Rules (PSR), clubs post a maximum loss of £105 million ($134m) over three seasons – on a rolling basis but only if they have secure funding from their owners. Otherwise the three-year limit on losses is just £15m.

The Premier League hit Everton with a 10-point deduction last November due to breaching the rules, and both Everton and Nottingham Forest are facing further punishments after the Premier League released a statement this month saying both clubs admitted going over the limit.

The two sides will argue they had mitigating factors and should be excused.

But all Premier League clubs are now more wary than ever of breaching the rules, knowing that there is a very real threat of significant punishment.

It’s had a major dampening effect on the transfer window, with far fewer big-money deals than 12 months ago, when a staggering £700m-plus was spent – one third of it by Chelsea.

So far this window, only £50m has been spent by Premier League.

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Arsenal, Chelsea, Liverpool, Manchester United, and Newcastle United have each made no signings this window.

Manchester City signed teenage Argentinian midfielder Claudio Echeverri from River Plate, but he won’t move clubs until the end of the season, while they also added another teen to their academy in Alex Alcala from LA Galaxy’s reserves.

Ange Postecoglou’s Tottenham has been the most active top club so far, signing former Chelsea flop Timo Werner from RB Leipzig on a loan move with an option to buy at the end of the