Players in
| Player | From | Fee | Date |
| Christopher Wreh | Monaco | £ 300000 | 07-08-1997 |
| David Grondin | St Etienne | £ 500000 | 19-06-1998 |
| Total: £ 800000 | |||
Players out | |||
| Player | To | Fee | Date |
| Paul Shaw | Millwall | £ 250000 | 15-09-1997 |
| Ian Selley | Fulham | £ 500000 | 17-10-1997 |
| Glenn Helder | NAC Breda | Nominal | 24-10-1997 |
| Jehad Muntasser | Bristol C | Free | 30-01-1998 |
| Valur Gislason | Stromsgodset | Unknown | 28-02-1998 |
| Vince Bartram | Gillingham | Signed | 20-03-1998 |
| Peter Clark | Carlisle | Free | 01-04-1998 |
| Richard Hughes | Bournemouth | Free | 01-07-1998 |
| Total: £ 750000 | |||
Loans (players in) | |||
| Player | From | Start | End |
Loans (players out) | |||
| Player | To | Start | End |
| Gavin McGowan | Luton | 01-08-1997 | 04-10-1997 |
| Michael Black | Brentford | 29-08-1997 | 29-09-1997 |
| Chris Kiwomya | Le Havre | 30-08-1997 | 30-09-1997 |
| Isaiah Rankin | Colchester | 26-09-1997 | 26-12-1997 |
| Chris Kiwomya | Selangor | 01-10-1997 | 01-11-1997 |
| Michael Black | Millwall | 03-10-1997 | 03-01-1998 |
| Valur Gislason | Brighton | 08-10-1997 | |
| Vince Bartram | Huddersfield | 17-10-1997 | 13-12-1997 |
Released players | |||
| Player | Date | ||
| Scott Marshall | 31-05-1998 | ||
| Chris Kiwomya | 31-05-1998 | ||
| Gavin McGowan | 31-05-1998 | ||
| Matthew Wicks | 31-05-1998 | ||
| Terry Bowes | 31-05-1998 | ||
| David Platt | 07-07-1998 | ||
Source : Soccer Base
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