In
| Player | Team | Date | Fee |
|---|---|---|---|
| Albert Virr | Lyndholm | 7 May 1922 | Free |
| William Williams | Darwen | 13 May 1922 | £450 |
| David Raitt | Dundee | 18 May 1922 | £2,200 |
| Fred Forbes | Hearts | 10 June 1922 | £1,740 |
| Alfie Harland | Linfield | 28 October 1922 | £1,500 |
| Jack Cock | Chelsea | 19 January 1923 | £2,000 |
| Alec Troup | Dundee | 20 January 1923 | £1,950 |
| Neil McBain | Manchester United | 22 January 1923 | £4,000 |
| Total (initial fees only): | £13,840 | ||
- Albert Virr (Lyndholm) – May have joined the club as an amateur in 1921.
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Jimmy Bissett | Southend United | May 1922 | Free |
| John Blair | Released | 7 May 1922 | |
| Jonathan Yarwood | Oldham Athletic | June 1922 | £150 |
| Charlie Crossley | West Ham United | 9 June 1922 | £1,000 |
| Henry Spencer | Wigan Borough | 14 October 1922 | £690 |
| Willie Jackson | Wrexham | 25 October 1922 | Loan to end of the season |
| Andy Moffat | Wrexham | 2 November 1922 | Loan to end of the season |
| George Brewster | Wolverhampton Wanderers | 4 November 1922 | £1,500 |
| Stan Fazackerley | Wolverhampton Wanderers | 7 November 1922 | £1,750 |
| George Jones | Wigan Borough | 19 January 1923 | £2,000 |
| Total (initial fees only): | £7,090 | ||
- John Blair (Released) – Eventually joined Oldham Athletic as an amateur in November 1922.
- Jonathan Yarwood (Oldham Athletic) – Transfer completed around 2nd June 1922.
| Income | £7,090 |
| Expenditure | £13,840 |
| Net Spend | +£6,750 |