In
| Player | Team | Date | Fee |
|---|---|---|---|
| Jack Balmer | Collegiate Old Boys | 1 August 1934 | Amateur |
| Alfred Dickinson | Guilden Sutton | 1 August 1934 | Amateur |
| Jack Mayfield | Skelmersdale United | 1 August 1934 | Amateur |
| George Bradshaw | New Brighton | 23 November 1934 | £525 |
| Harry Hampson | Moses Gate | 25 January 1935 | Amateur |
| Total (initial fees only): | £525 | ||
- Alfred Dickinson (Guilden Sutton) – Signed professional forms in November 1934.
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Ted Critchley | Preston North End | 8 June 1934 | £2,000 |
| George Turner | Bradford City | 26 June 1934 | £450 |
| Robert Birtley | Coventry City | 29 June 1934 | £500 |
| Johnny McGourty | Hamilton Academical | 31 July 1934 | £500 |
| Bill Bocking | Stockport County | 31 August 1934 | £250 |
| Johnny Watson | Coventry City | 4 October 1934 | £400 |
| George Bradshaw | Arsenal | 16 March 1935 | £1,500 |
| Total (initial fees only): | £5,600 | ||
| Income | £5,600 |
| Expenditure | £525 |
| Net Spend | -£5,075 |