I think the previous and current transfer markets are not much different, but it's just that perhaps some clubs are currently experiencing a financial crisis after several teams released many players for free so there really no money coming in for these clubs to spend on new players, apart from that, it's also possible that there are new financial regulations English league is currently making English league clubs a little more careful in spending money to strengthen their teams, some teams currently look very slow in the transfer market and this is different from Chelsea which continues to bring in lots of new players, Chelsea finances very stable because I see that their expenditure and income in the current transfer market is only different -200 million euros, Chelsea, which is currently owned by Todd Boehly, seems very ambitious to build a Chelsea squad with young players, especially in the transfer market last season, they released many players with permanent or loan which means they have got a lot of money to spend at the moment, if we talk about other teams, it seems like teams like Arsenal, Liverpool and Manchester City will be more dominant in maintaining their squad last season which looks quite good so they will try to save money now.
What about Arsenal and Manchester United?
Arsenal has succeeded in bringing in Riccardo Calafiori with a transfer value of up to €45.00 million, while Manchester United brought in Leny Yoro and Joshua Zirkzee with a total transfer value of €104.50 million.
Manchester City spent as much as €25m on Savinho, while Chelsea spent €112.50m to bring in at least 7 new players. Tottenham spent €51.25 to land their 2 target players, Newcastle also spent €56.60m to bring in their 2 new players. Most teams have new players, but so far only Chelsea have been extravagant even though they have an overall balance of €-11.50m. Financial Fair Play may have clearly discouraged many big-money teams from spending money on big-ticket players, that's understandable.