Players in
| Player | From | Fee | Date |
| Vince Bartram | Bournemouth | £ 40000 | 10-08-1994 |
| Chris Kiwomya | Ipswich | £ 1500000 | 13-01-1995 |
| John Hartson | Luton | £ 2500000 | 13-01-1995 |
| Glenn Helder | Vitesse Arn. | £ 2300000 | 14-02-1995 |
| Dennis Bergkamp | Inter | £ 7500000 | 28-06-1995 |
| David Platt | Sampdoria | £ 4750000 | 14-07-1995 |
| Total: £ 18590000 | |||
Players out | |||
| Player | To | Fee | Date |
| Alan Miller | Middlesbro | £ 500000 | 12-08-1994 |
| Kevin Campbell | Nottm Forest | £ 2800000 | 01-07-1995 |
| Jimmy Carter | Portsmouth | Free | 06-07-1995 |
| Total: £ 3300000 | |||
Loans (players in) | |||
| Player | From | Start | End |
Loans (players out) | |||
| Player | To | Start | End |
| Scott Marshall | Sheff Utd | 25-08-1994 | 31-05-1998 |
| Jimmy Carter | Oxford | 23-12-1994 | |
| Paul Read | Leyton Orient | 10-03-1995 | |
| Mark Flatts | Bristol C | 23-03-1995 | |
| Paul Shaw | Burnley | 23-03-1995 | |
Released players | |||
| Player | Date | ||
| Chris McDonald | 31-05-1995 | ||
| Alan Smith | 19-07-1995 | ||
Source : Soccer Base
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