Sunderland and Newcastle United are yet to make a transfer breakthrough on deadline day.
But Premier League clubs are on course to break another spending record on the final day of the transfer window.
The total at the start of the day stood at £790million, £45million short of the £835million record set last summer, but with a number of big deals expected to go through including Anthony Martial’s £36million move from Monaco to Manchester United.
Analysts Deloitte said “gross spending is on course to reach a new record”.
The Premier League’s net transfer spending is also set to be a record - that is the net amount that flows to overseas clubs and Football League clubs - and it currently stands at £400million.
Alex Thorpe, senior manager in Deloitte’s sports business group, said: “Last year we saw £85million of spending on deadline day and with further business expected over the coming hours, it looks set to be another record summer of spending for the Premier League.
“With the other European transfer windows having closed last night, the Premier League is again confirmed as the leading league in terms of transfer spending this summer.
“This level of spending continues to be driven in large part by the increases in domestic and overseas broadcast revenue in recent years.”