The transfer window may have only been open a little over three weeks, but some significant business has already been concluded.
Some Premier League clubs moved swiftly to secure their intended targets, while others remained in the dust.
Here are Bleacher Report's power rankings for all 20 clubs based on their transfer activity so far. Consideration is given to the size and budget of a club.
Note: Those acquired or sent away on loan will not be mentioned here.
In: Guillermo Varela, £1.5 million
Out: Paul Scholes, Retired
Dead last is Manchester United, whose fans have been so far left frustrated in the club's lack of a big purchase.
Thiago Alcantara and Kevin Strootman have moved to other clubs, while the pursuit of Cesc Fabregas is in danger of yielding nothing.
There is always the chance another Robin van Persie may come along. Then again...
In: None notable
Out: Danny Simpson Free, Steve Harper Free
Newcastle United struggled last season because they failed to reinforce in the previous summer.
Alan Pardew's side are at risk of making the same mistake twice. Keeping striker Papiss Cisse doesn't seem likely following his refusal to wear the team's new kit, but even if that wasn't the case, it would not be enough to build on.
St. James' Park is hardly the hive of activity it has been in previous transfer windows.
In: Yaya Sanogo, Free
Out: Vito Mannone, £2.1 million
Now for the last of the clubs that have done next to nothing this summer.
Arsenal unfortunately fit into this bracket, though burly 20-year-old striker Yaya Sanogo could eventually develop into the type of physical threat the Gunners need up front.
With so much business already having been done, Arsene Wenger must move fast to ensure his side do not get left in the dust again.
In: Arouna Kone, £6.2 million; Joel Robles, £3.5 million
Out: Phil Neville, Retired
New Everton boss Roberto Martinez wasted little time in signing Arouna Kone from Wigan, his previous club.
But at £6.2 million, the Spaniard may have overpaid for the 29-year-old striker who scored 11 goals in 34 league appearances last term.
Goalkeeper Joel Robles is another player who has yet to really prove himself at the highest level.
In: Erik Pieters, £3.1 million; Marc Muniesa, Free
Out: Matthew Upson, Free; Rory Delap, Free
There were very few football fans who did not scoff when Mark Hughes was appointed as Tony Pulis' successor at Stoke City.
The much-maligned former Manchester City boss is yet to make a significant dip into the transfer market.
Dutch left-back Erik Pieters fills a necessary void, while Marc Muniesa from Barcelona could do alright in his new, slightly less glamorous surroundings.
In: Nicolas Anelka, Free
Out: Zoltan Gera, Free
On the face of it, Nicolas Anelka looks like being a superb signing for West Bromwich Albion.
The French striker has scored 123 Premier league goals in his career and currently sits in 14th on the all-time list.
But at 34 and with his legs gone, will he be worth as much as the Baggies seem to think? The younger Romelu Lukaku will certainly be missed.
In: Andy Carroll, £15.4 million; Razvan Rat, Free
Out: Carlton Cole, Free
£15.4 million is a lot of money for West Ham to be spending on one player.
It did, after all, take the majority of last season to get Andy Carroll playing well up front for the Hammers.
If the big man can stay healthy, though, he suits the Sam Allardyce style of football perfectly. Who needs Carlton Cole, anyway?
In: Andreas Cornelius, £7.6 million
Out: Heidar Helguson, Retired
Cardiff City seemed to have pooled all their resources together to sign one player this summer.
That player is Andreas Cornelius from FC Copenhagen, a 6'4", aerially dominant striker.
The 20-year-old Denmark international scored 20 goals last season. That was in the Danish Superliga, though.
In: Dwight Gayle, £4.6 million; Jose Campana, £1.7 million
Out: None notable
Oh, what a joy it will be to have outgoing, outspoken manager Ian Holloway back in the Premier League.
His Crystal Palace side will still be reeling with the loss of Wilfried Zaha, but new recruit Dwight Gayle has plenty of potential to get excited about.
The diminutive striker may need time to transition to the top level, but he will still cause opposing defences plenty of problems next term.
In: George Boyd, Free; Maynor Figueroa, Free; Steve Harper, Free; Curtis Davies, £2.3 million; Ahmed Elmohamady, £2 million; Allan McGregor, £1.5 million
Out: Jay Simpson, Free; Andy Dawson, Free
Steve Bruce has been quietly going about his business, making some deft signings.
Free transfers George Boyd and former Wigan full-back Maynor Figueroa, for instance, would have cost at least £3 million apiece in recent transfer windows.
Ahmed Elmohamady has made the move to Hull a permanent one. One will see if Bruce has done enough to keep his side up.
In: Sascha Riether, £1.2 million; Maarten Stekelenburg, £4.9 million; Derek Boateng, Free; Fernando Amorebieta, Free
Out: Mark Schwarzer, Free; Mladen Petric, Free; Chris Baird, Free
Unless something drastic occurs, Fulham seem set for another mid-table finish next term.
Like Dimitar Berbatov last summer, the acquisition of top-quality keeper Maarten Stekelenburg is a real coup for Martin Jol's side.
With a new owner on board, expect a few more signings before the league kicks off next month.
In: Aleksandar Tonev, £2.8 million; Jores Okore, £4.1 million; Nicklas Helenius, £1.2 million; Antonio Luna, £1.7 million
Out: Jean Makoun, £2.6 million; Richard Dunne, Free; Eric Lichaj, Free
Aston Villa have maintained their transfer policy of spending a couple million pounds here and there on relatively unknown players.
Jores Okore, a powerful Danish centre-back, should partner well with Ciaran Clark at the back, while striker Nicklas Helenius will provide able backup for Christian Benteke.
It must be said that the release of promising full-back Eric Lichaj is a little disappointing.
In: Marco van Ginkel, £8.2 million; Andre Schurrle, £19 million; Mark Schwarzer, Free
Out: Florent Malouda, Free
Big things are still expected of Chelsea in the transfer market, but the Blues have already made two good signings.
Marco van Ginkel is a technically proficient central midfielder, while German winger Andre Schurrle will provide depth in attacking midfield.
Jose Mourinho will be looking to make that one big splash, though. All eyes are on Wayne Rooney.
In: Luis Alberto, £7 million; Iago Aspas, £7.2 million; Simon Mignolet, £9.3 million; Kolo Toure, Free
Out: Andy Carroll, £15.4 million; Jonjo Shelvey, £5.2 million
Liverpool have already splashed the cash this summer, spending over £14 million on prodigious young Spaniards Luis Alberto and Iago Aspas.
They will take time adapting to the Premier League but could develop into world-class attackers.
Simon Mignolet will prove a fine, if a little expensive, signing, while the Reds must be glad to have Andy Carroll off the books and out of sight.
In: Jordi Amat, £2.5 million; Jonjo Shelvey, £5.2 million; Wilfried Bony, £12.2 million
Out: None notable
Swansea City were one of the surprise packages in the Premier League last term. Bargain signing Michu was a key reason for their upper-table finish.
Central defender Jordi Amat could be another steal, but one of the most significant pieces of business done by any club this summer has to be Swansea signing Wilfried Bony.
According to a report from Phil Cadden of Express, the Ivorian striker likes to think of himself as "the new Didier Drogba."
In: Paulinho, £17 million; Nacer Chadli, £7 million
Out: William Gallas, Free
Andre Villas-Boas' quest to elevate Tottenham to Premier League contenders has continued with the Portuguese coach making shrewd signings this summer.
Paulinho, a regular for the Brazilian national team, can do just about anything in central midfield, while Nacer Chadli is a versatile, two-footed winger.
If Spurs can keep Gareth Bale, expect to see them even higher on this list.
In: Emanuele Giaccherini, £6.6 million; Jozy Altidore, £8.8 million; Vito Mannone, £2.1 million; David Karlsson, £1.5 million; Modibo Diakite, Free; Valentin Roberge, Free
Out: Simon Mignolet, £9.3 million; Ahmed Elmohamady, £2 million
There has already been plenty of activity at the Stadium of Light this month.
Sunderland have moved quickly to lock up the signings of Emanuele Giaccherini from Juventus, a winger with 14 caps for the Italian national team, and U.S. striker Jozy Altidore from AZ Alkmaar.
Free signings Modibo Diakite and Valentin Roberge could also prove to be bargain acquisitions.
In: Victor Wanyama, £12.7 million; Dejan Lovren, £8.8 million
Out: Vegard Forren, £1.7 million
Southampton may have only made two signings, but they are both exceptional ones.
Victor Wanyama is a physical beast in central midfield but also has the technical ability to make a positive impact going forward.
Dejan Lovren from Lyon is an adroit presence in central defence, an area in which the Saints were lacking last term.
In: Ricky van Wolfswinkel, £8.8 million; Javier Garrido, £1.3 million; Martin Olsson, £2.5 million; Nathan Redmond, £2 million; Leroy Fer, £4.8 million
Out: Grant Holt, £2.6 million
Norwich City have surprised many by spending close to £20 million already this summer.
The Canaries have made positive purchases as well. Youngsters Nathan Redmond and Leroy Fer will put the club in a good position going forward, while striker Ricky van Wolfswinkel will score goals at the top level.
Manager Chris Hughton must think Christmas has come early.
In: Fernandinho, £35 million; Jesus Navas, £17 million; Alvaro Negredo, £22 million; Stevan Jovetic £23 million
Out: Carlos Tevez, £7.9 million; Kolo Toure, Free
Manchester City sit atop this list having made some impressive signings early in the transfer window.
Last season, the Blues struggled to bring in top-quality players early in the summer. They have not made that mistake this time around.
The pick of the signings is box-to-box midfielder Fernandinho, who will suit the rigours of the Premier League to a tee.