Players in
| Player | From | Fee | Date |
| Bakari Sagna | Auxerre | £ 6000000 | 12-07-2007 |
| Lassana Diarra | Chelsea | £ 2000000 | 31-08-2007 |
| Luke Freeman | Gillingham | £ 200000 | 30-01-2008 |
| Aaron Ramsey | Cardiff | £ 5000000 | 13-06-2008 |
| Samir Nasri | Marseille | £ 15800000 | 23-06-2008 |
| Total: £ 29000000 | |||
Players out | |||
| Player | To | Fee | Date |
| Fredrik Ljungberg | West Ham | £ 3000000 | 23-07-2007 |
| Jose Reyes | Atl Madrid | Signed | 30-07-2007 |
| Ryan Garry | Bournemouth | Free | 06-08-2007 |
| Joe O'Cearuill | Barnet | Free | 24-08-2007 |
| Matthew Connolly | QPR | £ 1000000 | 02-01-2008 |
| Lassana Diarra | Portsmouth | £ 5500000 | 17-01-2008 |
| Jens Lehmann | Stuttgart | Free | 04-06-2008 |
| Total: £ 9500000 | |||
Loans (players in) | |||
| Player | From | Start | End |
Loans (players out) | |||
| Player | To | Start | End |
| Matthew Connolly | Colchester | 20-07-2007 | 16-12-2007 |
| Kerrea Gilbert | Southend | 30-07-2007 | 01-01-2008 |
| Johan Djourou | Birmingham | 10-08-2007 | 27-12-2007 |
| Jay Simpson | Millwall | 31-08-2007 | 04-05-2008 |
| Fran Merida Perez | Sociedad | 09-01-2008 | 12-05-2008 |
| Kieran Gibbs | Norwich | 31-01-2008 | 27-04-2008 |
| Mark Randall | Burnley | 31-01-2008 | 05-05-2008 |
Released players | |||
| Player | Date | ||
| None | |||
Source : Soccer Base
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