The window slammed shut on Thursday night at 11pm and it was one of the quietest days, and months, in memory.
In 2023, a record £815million was spent and Chelsea even smashed the British record by signing Enzo Fernandez for £107m.
That is because of the very real concerns of clubs staying within Financial Fair Play regulations.
Deals were still done and money was spent and Jim White and Alex Crook went through the winners and losers on talkSPORT's Deadline Day Show.
Winners
Tottenham
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Tottenham started the January transfer window with intent and got a loan deal for Timo Werner and the permanent signing of Radu Dragusin sorted swiftly.
There were some outgoings too with the likes of Eric Dier, Hugo Lloris and Ivan Perisic all heading for the exit.
There was also another coup for the club on deadline day, they will sign talented youngster Lucas Bergvall from Swedish side Djugarden - with Barcelona also after the player.
talkSPORT's chief football correspondent Alex Crook said: "I think Spurs are the winners, they got the deals that Ange Postecoglou wanted relatively early in Werner and Dragusin - one of the few paid for signings this window.
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"The fact they've managed to get Bergvall from under the noses of Barcelona right at the death is a feather in their cap."
Crystal Palace
Palace were among the biggest spenders in the January transfer window - it's not often you can say that.
Daniel Munoz was confirmed from Genk in an £8m deal, while Adam Wharton was signed on deadline day from Blackburn for £22m.
Crook said: "I think Palace have done quite well to give Roy Hodgson a bit of squad depth between now and the end of the season."
Losers
Everton
The Toffees are in the Premier League relegation zone and need to turn things around to get out again.
They would be in a much stronger position had they not been docked ten points, but their FFP struggles meant they did not sign anyone.
Instead, Mason Holgate joined rivals Sheffield United on deadline day.
Crook said: "I think Everton are one of the losers, I saw them midweek and they couldn't finish their dinner at Craven Cottage.
"Dominic Calvert-Lewin hasn't scored for 16 games, Beto looks like he'll never score again!
"I fear for Everton, with or without the points deduction. They're in big trouble."
Newcastle
Eddie Howe's side are having a much tougher time of it this season, sitting eighth in the Premier League and out of Europe completely.
Newcastle have been hampered with injury problems and unable to sign players due to FFP constraints.
More talk has been about the players who could leave instead, with Kieran Trippier, Callum Wilson and Miguel Almiron all linked with exits.
They kept hold of their stars, but have not been able to strengthen.
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Crook added: "Newcastle look weak. In an ideal world they would have liked to sign a couple of players, Kalvin Phillips being one of them."
The Magpies are likely to be forced to sell in the summer if they want to bring any players in.