In
| Player | Team | Date | Fee |
|---|---|---|---|
| John Ruddy | Cambridge United | 20 May 2005 | £250,000 |
| Simon Davies | Tottenham Hotspur | 26 May 2005 | £3,500,000 |
| Per Kroldrup | Udinese | 27 June 2005 | £5,000,000 |
| Mikel Arteta | Real Sociedad | 15 July 2005 | £2,000,000 |
| Alessandro Pistone | Free agent | 21 July 2005 | Free |
| Phil Neville | Manchester United | 4 August 2005 | £3,500,000 |
| Matteo Ferrari | Roma | 26 August 2005 | Loan to end of the season |
| Nuno Valente | Porto | 28 August 2005 | £1,400,000 |
| Andy van der Meyde | Inter Milan | 31 August 2005 | £1,800,000 |
| Anderson de Silva | Free agent | 2 September 2005 | £700,000 |
| Alan Stubbs | Sunderland | 20 January 2006 | Free |
| Sander Westerveld | Portsmouth | 23 February 2006 | 1-month loan |
| Total (initial fees only): | £18,150,000 | ||
- Alessandro Pistone (Free agent) – Everton re-signed Alessandro Pistone three weeks after releasing him because they struggled to sign a left-back.
- Anderson de Silva (Free agent) – Released by Nacional. Everton spent £700,000 to acquire Anderson's "federative and economic rights".
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Alan Stubbs | Released | 1 July 2005 | |
| Alessandro Pistone | Released | 1 July 2005 | |
| Eddy Bosnar | Released | 1 July 2005 | |
| Guillaume Plessis | Released | 1 July 2005 | |
| Steve Watson | Released | 1 July 2005 | |
| Anthony Gerrard | Walsall | 1 July 2005 | Free |
| Danny Fox | Walsall | 1 July 2005 | Free |
| Anderson de Silva | Malaga | 2 September 2005 | Loan to end of the season |
| John Ruddy | Walsall | 22 September 2005 | 1-month loan |
| Iain Turner | Wycombe Wanderers | 9 November 2005 | 1-month loan [recalled] |
| John Ruddy | Rushden & Diamonds | 11 November 2005 | 1-month loan |
| John Ruddy | Chester City | 16 December 2005 | 1-week loan |
| Johan Troest Davidsen | NSI Runavik | January 2006 | 6-month loan |
| Paul Hopkins | Darlington | 7 January 2006 | 1-month loan |
| Marcus Bent | Charlton Athletic | 17 January 2006 | £2,000,000 (+£500,000 add-ons) |
| Per Kroldrup | Fiorentina | 20 January 2006 | £3,000,000 |
| Laurence Wilson | Mansfield Town | 31 January 2006 | 1-month loan (extended to end of the season) |
| Mark A. Hughes | Stockport County | 14 February 2006 | 1-month loan |
| Total (initial fees only): | £5,000,000 | ||
- Alan Stubbs (Released) – Eventually joined Sunderland on 2nd August 2005.
- Eddy Bosnar (Released) – Eventually joined Dinamo Zagreb on 3rd July 2005.
- Guillaume Plessis (Released) – Eventually joined Clermont Foot ahead of the 2005/06 season.
- Steve Watson (Released) – Eventually joined West Bromwich Albion on 5th July 2005.
- Anthony Gerrard (Walsall) – Deal agreed on 18th May 2005.
- Danny Fox (Walsall) – Deal agreed on 3rd June 2005.
- Iain Turner (Wycombe Wanderers) – Everton recalled Iain Turner a few days before his loan spell ends due to Nigel Martyn suffering a groin injury.
| Income | £5,000,000 |
| Expenditure | £18,150,000 |
| Net Spend | +£13,150,000 |