English Premier League clubs spent £130m in the January transfer window, taking the total spend for the 2014-15 season to £950m – a new world record for one league in a single season.

While the total of £130m for January 2015 falls short of the all-time transfer record – £225m set in 2011 – the amount matches the £130m spent by clubs last year (January 2014).

The figures, from the Sports Business Group at business analyst Deloitte, also show that Premier League clubs concluded around £45m of player transfer fees on deadline day (Monday 2 February).

Dan Jones, partner at Deloitte, said: “Despite the relative restraint we have seen in the January window, 2014-15 is still a record season for Premier League spending.

“Last season saw Premier League spending surpass the £700m threshold for the first time, and the revenue growth at Premier League clubs is such that they have been able to record a combined transfer spend this season of over £950m.”

• The Sports Business Group at Deloitte has published their analysis of transfer spending following the close of every transfer window since 2003.